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Major European hotel operator collapses into administration

Revo Hospitality Group, Europe’s largest white-label hotel operator, has filed for insolvency under self-administration in Germany. This move affects approximately 140 companies within the group, which…

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Eight Advisory is a leading European independent consulting firm specialising in financial, operational and strategy advisory services. We support executives, shareholders, lenders and investors at critical…

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News

Eternal Initiates Liquidation of Zomato Netherlands
Zomato's parent company, Eternal, has begun the liquidation process for its Netherlands subsidiary, Zomato Netherlands. This move effectively closes down nearly all of Zomato's international operations, as the subsidiary had no active business and generated no turnover in FY24. The liquidation is expected to be completed within a year and will not impact Eternal's revenue. 

Zomato’s bid to take food delivery international was not successful and has resulted in a trend of Zomato discontinuing its international ventures since 2021. This includes ceasing operations in Portugal, Czech Republic, Slovakia, Singapore, UAE and Australia, to focus on its successful business in India, which achieved profitability in FY24.

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