Deathwatch: Could Malmaison be closing its doors soon?
Could the ‘boutique’ hotel be about to disappear from the landscape as the economic chill takes the nation’s purses in its vile grip? Maybe.
We were awoken to the disturbing news that MWB, the company behind the Hotel du Vin and Malmaison hotel chains is looking to go into administration if ongoing refinancing plans don’t work.
Believe it or not, the cause of the potential collapse is an ongoing row between the company and ITSELF. Well, actually it’s a subsidiary company that it part-owns, MWB Business Exchange, and they’re rowing over the repayment of multi-million pound liabilities between the two companies.
We won’t bore you with the details but if it doesn’t get sorted soon, the boys and girls from Deloitte will be moving in with their administrating kits and doing whatever it is they do. Apart from making themselves a load of money that is.
TOPICS: High Street News