A collapsed rescue deal leaves suppliers exposed, sharpening focus on trade credit insurance across hospitality.
Insurance Business reports that, with its suppliers facing limited recoveries after a proposed rescue deal collapsed, Revolution Bars’ administration is refocusing attention on hospitality trade credit risk. Parent company, The Revel Collective, entered administration after a potential purchaser withdrew following due diligence. Restructuring specialist Michael Lynch said buyers typically prefer to acquire businesses without legacy debt, […]