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Pullmantur Vacates its Headquarters in Madrid After Failing to Pay the Rent

Pullmantur is owned by Cruises Investment Holding (51%), which is in turn owned by the Springwater fund, and by Royal Caribbean (49%).

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The Covid-19 pandemic has almost completely paralysed industries such as cruise liners, whose activity has been all but cancelled. In this context, the Pullmantur group filed for bankruptcy in July given its inability to afford even its reduced payments. And now, it is also going to have to vacate its headquarters in Madrid on 30 September after it has failed to pay the rent.

This situation is coupled with the fact that 127 of the 311 workers that make up the workforce have not yet been paid for the month of August. That said, Richard J. Vogel, CEO of the firm, sent an email last week, communicating that salaries would be paid in the coming days, reports Cinco Días.

Read the full article in Spanish.

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