BOUTIQUE and luxury operator Bespoke Hotels has said the landmark Glenburn Hotel in Rothesay will reopen "very soon" following the purchase of the property out of administration.
The price of the deal was not disclosed, but the property was put up for sale at offers over £1.1 million in September after its previous owners mounted up "significant" maintenance and running costs that they could not cover while the hotel was closed by Covid restrictions.
Administrators Stuart Robb and Chad Griffin of FRP Advisory reported extensive interest both from the UK and internationally.
Financial technology business sold for second time in year
EDINBURGH-based financial technology business Nucleus has been sold for the second time in a year amid booming interest in the investment platform market that it focuses on.
Nucleus has been sold to a US investment giant just seven months after it was acquired for £145m by a rival backed by the Epiris private equity business.
Islands firms in talks over future of CalMac
A SCOTTISH businessman is brokering talks between firms and ferry operators in an effort to find a fix for the transport problems that have bedevilled the Scottish islands and hampered the Hebrides’ recovery from the pandemic.
Jamie McGowan, who owns five businesses and employs 40 on Harris and more than 70 across the islands and highlands, is seeking to find a way forward for firms that face delays getting raw materials to the islands and then a further wait to get products to customers.
Major Scottish brand quadruples profits
SCOTTISH outdoor clothing specialist Jacobs and Turner, the company behind the Trespass brand, more than quadrupled profits in its last financial year in spite of a dip in turnover.
Accounts filed with Companies House show Glasgow-based Jacobs and Turner, which is owned by brothers and directors Afzal and Akmal Khushi, made pre-tax profits of £9.71m in the year to June 27, 2021. The group’s pre-tax profits for the prior financial year were £2.23m.
Prestigious Scotch whisky club upbeat over Europe
THE company that owns the prestigious Scotch Malt Whisky Society has declared it is confident of growing membership in Europe after investing to solve Brexit-related delivery problems.
The Artisanal Spirits Company established a warehouse in mainland Europe to improve delivery times for members after Brexit red tape had meant it was taking “months” to ship stock to customers on the continent.
Analysis, insight, opinion
Kristy Dorsey: Wealth manager Brewin Dolphin agrees to £1.6bn takeover deal
Mark Williamson: Consumers may pay if oil and gas firms are scared away from North Sea
Ian McConnell on Wednesday: No straws as truth of folly set out
Scott Wright: Is anyone going to stand up to branch-axing big banks?
Ian McConnell on Friday: Senior figure shows awareness that looks absent in our out-of-touch Government
Brian Donnelly: Boris Johnson should bow head in shame over Ukraine visa debacle
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