BC Pub Chain Donnelly Group Seeks Creditor Safety

garretschoenbergMay 24, 2023

The group operates over a dozen pubs, cocktail golf equipment and eating places in Vancouver and Toronto.

Printed Might 24, 2023 • Final up to date 0 minutes in the past • 1 minute learn

Jeff Donnelly, proprietor of the Donnelly Group, on the newly renovated Ballihoo, previously the Winking Choose, in 2019. Picture credit score: Jerry Carman /PNG

The Donnelly Group, a B.C. firm that owns pubs and golf equipment important to Vancouver’s nightlife and hospitality business, has filed for creditor safety.

The Donnelly Group, which operates greater than a dozen pubs, golf equipment and eating places in Vancouver and Toronto below the Freehouse Collective, on Wednesday signed the Company Collectors Preparations Act (CCAA) to revise present mortgage phrases and restructure its debt. introduced that it has began proceedings based mostly on We needed to work to outlive the COVID-19 pandemic.

“Whereas this utility is usually considered as a shock, this utility is a really constructive and disruptive monetary instrument that can first convey extra stability after which later in a struggling hospitality business. It’ll convey progress to the companies we function in,” CEO Jeffrey Donnelly mentioned in an announcement.

The Freehouse Collective consists of 11 Vancouver pubs together with Lamplighter, Butcher & Block, Brass Fish, Sing Sing on Principal Avenue, Barber & Co Barbershop and Bomber Brewing. He additionally runs 5 pubs in Toronto.

The corporate mentioned the transfer was essential to climate the devastating financial influence of the pandemic on the hospitality business.

As a part of the method, the corporate plans to work on restructuring plans and streamline operations within the coming months, however expects to proceed operations at its places and “will make use of workers at present ranges throughout and after the CCAA course of.” are doing.

The corporate mentioned its restructuring resolution didn’t replicate the opinions of its workers, however was a “strategic response to the influence of the COVID-19 pandemic on the business as an entire.”

Extra to come back…

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