Corbin & King shareholder hires lawyers in fight for restaurant chain CORBIN & KING Tensions between a London restaurant goliath and its largest shareholder have once more flared up as Minor International looks to sue a US investment fund. Jeremy King, who co-founded the operation behind Mayfair’s the Wolseley restaurant, has been embroiled in a tussle with Thai hotel giant Minor International. King is hoping a £38m rescue package [...]
Corbin & King ‘under siege’ from investor Minor International CORBIN & KING The founder of the restaurant chain behind the Wolseley has reassured customers the business is in “rude financial health” after it was plunged into administration this week. Administrators from FRP were appointed for Corbin & King earlier this week, although the chain’s restaurants have continued to trade. Founder Jeremy King has now hit back once [...]
Corbin & King has fallen: What does it mean for The Wolseley, Zedel et al? food news You can be forgiven for not following the corporate intricacies of the hospitality sector, but last week was significant. On Friday, it was announced that Corbin & King, the restaurant group founded in 1981 by the eponymous Chris and Jeremy, had been bought out of administration by Minor International, the vehicle of American-born Thai billionaire [...]
Minor wins bid for The Wolseley after battle between Corbin & King and Thai stakeholder April 1, 2022 The Wolseley restaurant’s majority shareholder has taken full control of the chain following a row with its co-founder. Corbin & King’s co-founders have previously said the London restaurant business was “under siege” from its shareholder. Thai hotel chain Minor International already held a 74 per cent stake in the company and said it now has [...]
Ivy owner Richard Caring steps away from battle for Corbin & King February 6, 2022 Ivy owner Richard Caring has signalled he has given up the chase for beleaguered restaurant group Corbin & King. The group behind celebrity haunts including The Wolseley entered administration last month, amid icy relations between Corbin & King’s founders and its majority shareholder. Restauranter Caring has said “at this moment, I am not intending to [...]
Wolseley owner Corbin & King goes into administration amid icy tensions with shareholder January 26, 2022 The firm behind high-end London restaurants including the Wolseley and the Delaunay has fallen victim to the pandemic and entered into administration. Administrators from FRP have been appointed for Corbin & King, it was reported last night. Daily operations will not be impacted and restaurants will continue trading. Hospitality venues in the capital have struggled [...]
Axa vows not to appeal ruling over Corbin & King’s £4.4m claim for Covid linked losses April 3, 2022 Axa has said it will not appeal a High Court ruling ordering it to pay out £4.36m to high end restaurateur Corbin & King, after the firm was forced to close its restaurants during the pandemic. The French insurer said it would not appeal the February decision after it initially refused to pay the restaurant [...]
Restaurant group Corbin & King allowed to join forces with US investment fund in shareholder row February 16, 2022 The owner of the Wolseley restaurant has edged closer to a £38m rescue package as it hopes to cut ties with its largest shareholder. Thai hotel group Minor International was hoping to be granted an injunction to block a repayment, after the shareholder forced Corbin & King into administration last month over a loan. Mr [...]
Axa must pay £4.4m Covid insurance claim to high-end restauranter Corbin & King, High Court says February 25, 2022 High end restaurant business Corbin & King, which owns restaurants across London, including Colbert in Sloane Square and The Wolseley in Mayfair, has won a £4.4m case against insurance giant Axa, after the insurer refused to cover losses incurred by the restauranter during Covid-19. The case comes after Axa said it would not pay Corbin [...]
Legendary London restaurateur Jeremy King to reopen iconic Simpson’s in the Strand November 6, 2023 Legendary London restaurateur Jeremy King is to re-open Simpson's in the Strand alongside the Savoy Hotel as he looks to regain his place at the top table of London hospitality.