The US firm behind the launch of a collection of luxury Scottish resorts has appointed one of the country’s most acclaimed chefs in the latest phase of its Scottish golf coast project.
Derek Johnstone, winner of the inaugural Masterchef the Professionals competition in 2008, will head up the kitchens at Rusacks St Andrews when it re-opens in July. The hotel, which overlooks the 18th green at the historic Old Course, is undergoing major renovations under the ownership of US-based Adventurous Journey (AJ) Capital Partners, which purchased the property from Macdonald Hotels in a deal announced in November 2019.
Scottish private equity house Maven, born amid financial crisis, sold in £100m deal
Glasgow-based private equity house Maven, owned by leader Bill Nixon and 11 fellow partners and launched in 2009 amid the global financial crisis, is being sold for up to £100 million to Mattioli Woods.
Mr Nixon will continue as managing partner of Maven Capital Partners under its new ownership. He added that the other partners would also remain with the business, under a four-year “earn-out” arrangement which is part of the deal.
READ MORE: Interview: 'I would not support a deal that saw wholesale reductions in our people'
Fresh twist in saga involving West of Shetland oil firm after court intervenes
West of Shetland-focused Hurricane Energy is facing a fresh challenge after a court decided that shareholders should get a vote after all on a controversial restructuring it plans to complete.
Hurricane has proposed a debt-for-equity swap that will result in creditors owning the vast bulk of the company.
Tennent’s boss: I understand frustration of Glasgow publicans
The boss of Tennent’s Lager owner C&C Group has said he understands the frustration felt by Glasgow publicans who are still unable to sell alcohol inside their premises because of ongoing coronavirus restrictions.
The Scottish Licensed Trade Association declared this week that there was “intense anger” among pub operators at being stuck on level three while the go-ahead was given for a 6,000-capacity fan zone to be set up in Glasgow Green for Euro 2020 next month. Glasgow is the only part of Scotland in level three.
Calnex beats expectations as it rides telecommunications wave
Scotland’s newest quoted company has reported full-year figures ahead of expectations as the continuing roll-out of 5G and growth of cloud computing drives demand for its telecoms testing equipment.
Calnex Solutions, which joined London’s AIM market in October of last year, saw revenues for the 12 months to the end of March rise by 31 per cent to £18 million, with profits before tax up 22% at £3.6m. Founder and chief executive Tommy Cook described it as an “exceptional year”, with growth across all product lines.
Analysis, Insight, Opinion
Scott Wright: Why Scotland's hotels are on the ropes ahead of crucial summer season
Ian McConnell on Wednesday: Is Boris Johnson Australia trade deal more trouble than it is worth?
Mark Williamson: Should new North Sea oil and gas developments be banned?
Ian McConnell on Friday: East Renfrewshire call might have been watershed moment
Kristy Dorsey: Amazon takes a view to the killer content in move on 007
Features
Monday Interview: The future is bright, and green, at Innis & Gunn
SME Focus: Glasgow technology firm creates jobs amid digital revolution
Employment Focus: Social or business? Finding the divide in restrictive covenants
From the Briefing: Newton Mearns practice joins rapidly-expanding dental group
Sign up
Get Business Week sent direct to your inbox every Sunday, as well as the Business Briefing, below:
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here