Minor friction

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Minor friction

[Credit: Sandeep Singh on Unsplash

The dispute between restaurant group Corbin & King and its largest investor Minor Hotels has been brewing for some time. Kickstarted by the pandemic, talks have been ongoing regarding the opening of new sites and staffing levels. Now, the clash has come to a head with Minor appointing administrators to the holding company Corbin & King Limited.

There is a stark difference of opinion between the two parties. Minor says it has no other choice other than administration, whereas Corbin & King’s founders believe it unnecessary. It follows reports of Minor calling in a £35 million loan despite the restaurant operators claiming that sites are trading “extremely well”.

Aside from the differences in opinion, Corbin & King’s situation demonstrates that even the most established of hospitality players are not immune to the challenges brought about by Covid-19. As the last of government relief falls away at the end of Q1 this year, I suspect Q2 will become a real testing period for business viability.

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