E&Y saves 258 jobs at leisure group

E&Y saves 258 jobs at leisure group

Administrators from E&Y sell seven pubs and hotels 

Ernst & Young administrators have sold more Swallow Hotels and London
& Edinburgh pubs, as the break up of the London & Edinburgh Swallow
Group continues.

Five hotels and two pubs were sold today to Gelink Limited, saving 258 jobs.

Joint administrator Angela Swarbrick, said: ‘We are delighted to have been
successful in selling a further seven properties and securing jobs of employees
at these sites.’

The sale is better news for
Ernst & Young, which has
been selling and closing the group’s hotels and pubs since in a piecemeal
approach since it went into administration a month ago.

Further reading:

E&Y shuts taps at ten more Swallow
pubs

E&Y saves 400 jobs at hotel group

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