Wednesday, September 26, 2018

Bestival music events firm bought for £1.1m

Dorset entrepreneur James Benamor buys business days after it fell into administration

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.

Related: Bestival review – glitter, greatest hits and Instagram-friendly singalongs

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from Mergers and acquisitions | The Guardian https://ift.tt/2OPztnj

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