Bestival creditor offers to buy festival brand

Bestival creditor offers to buy festival brand
 

A company that loaned money to the Bestival and Camp Bestival music festivals says it has offered to buy the brand and its assets for £1.1m.
Richmond Group made the offer for Bestival Group on Wednesday, less than a week after lodging plans at the High Court to put it into administration.
On Sunday, organisers said they were seeking a partner for Camp Bestival but insisted the 2019 event would go ahead.
Richmond Group said its plans included the continuation of Camp Bestival.
Last week, the company filed notices of intent to appoint administrators to Bestival Group, Bestival Ltd and Camp... read more

 
27 September 2018 in Business, Views: 133
Source: BBC
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