News

Irish investor saves UK chain

UK cafe operator Patisserie Holdings sold its two main businesses for a combined consideration of £13m (€14.8m) yesterday, administrators said.

In a statement Patisserie said its Patisserie Valerie business has been bought by Causeway Capital Partners, an Irish private equity firm.

Meanwhile, its sandwich chain Philpotts was sold to wholesale and distribution group A.F. Blackmore.

The two were sold for £10m in cash, and a further £3m in future payments.

Permission for Longford plaza

Supermac's has obtained permission t to build a Plazain Longford.

Longford County Council has granted planning permission for the multimillion-euro development on the Ballinalee road, off the N4.

There were a number of objections to the construction of the drive-thru restaurant and food court, similar to the Obama Plaza based at Moneygall.

Most concerns involved the potential negative impact of traffic congestion and safety on the N4 bypass.

Trump cuts Doonbeg losses

Operating losses at the Trump Doonbeg resort reduced to around €100,000 in 2018 as revenues further increased in the "best year" to date for the resort.

The Trump Organisation has invested €40m, including the purchase price, since acquiring the property five years ago this week.

Revenues at the resort in 2018 increased by 7% to €11.4m and this represents an increase of 48% on the revenues of €7.7m that were recorded in 2014 during the first year of the Trump ownership of the resort.

The resort enjoyed the increase in revenues in 2018 as a result of accommodation income increasing by 3%, green fee income increasing by 13% and Food & Beverage increasing by 8%.

Javier joins Exchange

Javier Tena has joined The Exchequer Wine Bar in Ranelagh as Sommelier.

javier0219

Javier originates from Madrid, Spain where he studied for a Masters Degree in Media Communications in the Rey Juan Carlos University. Before coming to Ireland last year, Javier spent a decade in the United Kingdom, predominately in London, where he attained a Level 3 merit in Wine & Spirit Education Trust’s (WSET) and AVANTA Customer Service Level 2.

Conrad's EPIC package

Conrad Dublin has teamed up with EPIC The Irish Emigration Museum and the Irish Family History Centre in offering guests an educational overnight experience for two.

A fully digital museum, EPIC showcases the stories of the Irish people who travelled the world, retelling some of their achievements in music, literature, sport, politics, fashion and science.

The Irish Family History Centre is located within EPIC, where you can consult with genealogical experts on site and research your family’s heritage