MWB Group Holding’s share price fell to a record low of 2.5p this week, driven by refinancing fears. The group, which owns and operates 26 Malmaison and Hotel du Vin hotels across the UK, has seen its shares crash from 44.5p to 2.5p in less than a year. It has refinanced over £280m of debt, sold assets, and shaken up its management, resulting in the departure of chief executive Richard Balfour-Lynn and finance director Jagtar Singh. It wants to offload a stake in its hotel chains as it attempts to shore up its balance sheet.
MWB Group Holding’s share price fell to a record low of 2.5p this week, driven by refinancing fears. The group, which owns and operates 26 Malmaison and Hotel du Vin hotels across the UK, has seen its shares crash from 44.5p to 2.5p in less than a year. It has refinanced over £280m of debt, sold assets, and shaken up its management, resulting in the departure of chief executive Richard Balfour-Lynn and finance director Jagtar Singh. It wants to offload a stake in its hotel chains as it attempts to shore up its balance sheet.
