The newspapers are full of the demise of investment bank Lehman Brothers, which went into administration in the UK on Monday after its US parent applied for chapter 11 bankruptcy protection.
The knock-on effect is expected to be widespread, with share prices already tumbling and the effects of the credit crunch set to intensify.
The news is also a blow for Restaurant Associates, the fine dining arm of Compass Group, which ran the catering at Lehman's European HQ in London's Canary Wharf.
As well as feeding many of the 5,000 staff, RA provided events and fine dining catering at the rather swanky office block.
RA this morning confirmed to Caterer that it is in discussions with Lehman about the contract.
Comments (1)
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Posted by abused pets | March 5, 2010 12:48 PM
Posted on March 5, 2010 12:48