Virus crisis kills off McDonagh’s sale of US hospitality empire
The Supermac’s owner says his decision to invest in Claddagh Irish pubs chain was his ‘biggest mistake’ and has cost him €23m
Pat McDonagh, the owner of Supermac’s, has seen the deal he struck to sell off the remainder of his US hospitality empire scuppered by the Covid-19 lockdown restrictions.
McDonagh has described his decision to invest in a chain of American hotels and bars, known as the Claddagh Irish pubs chain, as “my biggest mistake”, eventually costing him €23 million in write-offs.
He told the Business Post last week that he has...
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