Spain's Club La Costa goes into liquidation on the Costa del Sol & Canary Island

Club La Costa on Spain’s Costa del Sol has now been placed into liquidation blaming Brexit and COVID19

The bankruptcy administrator, Juan Carlos Robles, has told the most reliable Spanish newsagency SUR that the liquidation affects seven companies in Spain and one in the United Kingdom.

The administrator was clear to stress that this liquidation does not affect the real estate property titles – the ‘timeshare’ part of the business although over the next few months services are expected to be very limited.

News of the liquidation has shaken Mijas and the Fuengirola regions as a large part of the employees of CLC World are locals, many ex-pats relying on employment in an area where employment is scarce. Between the operation on the Costa del Sol and Tenerife, over 700 were or are, employed.

The town hall sent out a message this week in which it maintains its hope that CLC World will get back on track.

“It has always been a benchmark in tourism, not just in the province [of Malaga] but in southern Europe,” said municipal sources.

They added that CLC was known for its “great involvement in the town”, and that it hoped that as many jobs as possible could be preserved “given the circumstances”.

The Administrator added, both the Covid virus and Brexit have affected the business equally.

“You can’t last a year with no activity,” said Robles.

 

 


https://Global247News.com  Global247News Twitter

Global247News Facebook  Global247News LinkedIn

Global247News WebWiki Review


Share on your Social Networks

Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *