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Tourist Industry Suffers More Blows As Corona Hammers Down On Many Businesses

23rd May 2020

About 2,500 jobs have been lost and 64,000 bookings cancelled with the collapse into administration of Specialist Leisure Group.

The hotel and travel company included well-known coach holiday brands Shearings and National Holidays.

https://www.bbc.co.uk/news/uk-england-manchester-52776657

Specialist Leisure Group collapses into administration

[url=https://www.itv.com/news/2020-05-18/bella-italia-owner-in-crunch-talks-over-potential-restructuring/]6,000 jobs in limbo as Bella Italia and Cafe Rouge[/url]

The Casual Dining Group, the restaurant chain that owns Bella Italia, Cafe Rouge and Las Iguanas, has issued notice of intention to appoint administrators. This does not bind it, necessarily, to go into administration, but gives the company precious time (ten days) to agree partial company re-structuring or disposals, which might then lead to a CVA for the remainder of the business in preference to administration. Casual Dining also owns Belgo (a Belgian-inspired chain), Huxleys and Oriel, which may also be affected by the company's plans. The business is a big player in the industry with 248 restaurants and 6,000 employees.

[url=https://www.itv.com/news/2020-05-18/uber-cuts-3-000-jobs-as-virus-slashes-payroll-numbers-by-25/]Uber cuts 3,000 jobs as coronavirus slashes payroll numbers by quarter[/url]

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