Deloitte's Bowers, Kahn named MWB Group Holdings joint administrators

By Caroline Salls

Pittsburgh, Nov. 20 - Deloitte's Phil Bowers and Neville Kahn have been appointed as MWB Group Holdings plc's joint administrators following a resolution of the company's board of directors, according to a news release.

The joint administrators will explore the company's options for realizing value in its investment in MWB Business Exchange and any other assets it holds.

"The administration appointment is to MWB Group Holdings only and does not impact the ongoing operation of its trading subsidiaries, including Malmaison Group and MWB Business Exchange Group," Bowers said in the release.

"All trading subsidiaries of the group continue to run as normal."

MWB is a London-based hotel brand owner.

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