Bestival music events firm bought for £1.1m

Bestival music events firm bought for £1.1m
 

The Bestival and Camp Bestival music festivals have been snapped up by a multi-millionaire Dorset entrepreneur just days after a collapse into administration.
Richmond Group, controlled by the loan broker James Benamor, is buying the festival business after offering £1.1m for Bestival’s assets and brand. Richmond had lent Bestival Group £1.6m in February last year.
Benamor founded Amigo Loans, a Bournemouth-based company that offers quick guarantor-backed loans, which was floated on the stock exchange in July. The business is valued at more than £1bn and Benamor’s Richmond Group has a stake... read more

 
26 September 2018 in Business, Views: 83
Source: Guardian
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