George's Dining Room and Bar, located in Greater Manchester, was opened by Giggs in 2014 with his high school friends Kelvin Gregory and Bernie Taylor. After a period of operation, the luxury dining venue went bankrupt with debts of £563,600.
According to newly released documents, restaurant operator RKB Ventures Ltd owes £28,302 to staff, £8,114 to wine supplier Boulinot Wines, £755 to a local tea shop and £318 to sausage supplier Grandads Sausages.
The restaurant still owes £75,616 in taxes and a bank loan of £44,095. The MU legend personally lost nearly £100,000 of his investment.
On March 7, the company founded by Giggs and his friends was officially liquidated. Previously, on January 31, a notice posted on the restaurant's door said that it was "closed this weekend due to unforeseen circumstances", and then never reopened.
Staff received a message saying: "It is with a heavy heart that we regret to announce that we have no choice but to close George's effective immediately." The reason is a severe decline in customers while operating costs skyrocket along with the cost of living crisis.
Employees were promised back pay, prepaid expenses and severance pay if eligible. “It all came out of the blue,” one person said. “Everyone was getting ready to go to work and then they got the message that the company was closing, and they were all shocked.”
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Giggs founded the restaurant in 2014 with two close school friends, Kelvin Gregory and Bernie Taylor. |
Meanwhile, customers have been complaining on social media about unused gift certificates. A restaurant representative reassured: "We are in the process of refunding all unused gift certificates. Most have been refunded, and those who have not received them will be contacted in the next few days."
In addition to investing in restaurants, Ryan Giggs also works in real estate and fashion and currently has a young child with his girlfriend Zara Charles.
In football, the Welsh legend is in charge of Salford City - a League Two side he co-owns with Gary and Phil Neville, Paul Scholes, Nicky Butt and David Beckham. Giggs is the Director of Football, and has been a regular in the technical area in recent matches.
Giggs had been in charge of the Wales national team since 2018, before stepping down in 2022 after being implicated in an assault charge that has not yet been resolved. He has always maintained his innocence.
Source: https://znews.vn/giggs-no-luong-nhan-vien-post1540868.html
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