Updated
Buyers, deals and restructurings that keep a business alive.
UK
Stratford-upon-Avon's Welcombe Hotel has been sold to The Welcombe Estate Limited with 99 jobs protected, TheBusinessDesk.com reported on 9 November, a week after Kroll was appointed administrator of its owner, CD Welcombe Propco Limited, and its operating company.
Why it matters: All 99 staff keep their jobs, TheBusinessDesk.com reported, but couples and guests with weddings or stays booked have no public word yet on whether the new owner will honour existing bookings and deposits.
Australia
Former Myer chairman Bill Wavish and a group of investors have bought Cue and Veronika Maine out of receivership, The Australian and the AFR reported. Owner Cue & Co Pty Ltd, a Sydney fashion business, has been in receivership and voluntary administration since 15 September. The receivers have not confirmed the sale.
Why it matters: Staff in the roughly 20 remaining Cue and Veronika Maine stores, their landlords and customers holding gift cards or Cue Club points are waiting to learn what the buyer takes on. Reports say the deal covers only 12 stores.