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