In a landmark move set to reshape the future of urban wellness, Therme Group—renowned for its innovative large-scale wellbeing destinations—and CVC, one of the world’s leading private markets investment firms, have announced the formation of a strategic joint venture valued at over €1 billion. The partnership, named Therme Horizon , unites Therme’s expertise in developing immersive, sustainable wellbeing experiences with CVC’s financial
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Dallas-based restaurant chain TGI Fridays filed for Chapter 11 bankruptcy protection on Saturday (Nov. 2), citing COVID-19 and capital structure as main factors. In its filing with a Texas federal court, the company listed both assets and liabilities in the range of $100m to $500m. The TGI Fridays brand and related intellectual property are owned by TGI Fridays Franchisor, LLC as a
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India’s leading backpacker hostel chain the Hosteller raised USD 4 million in its Series A funding round led by V3 Ventures, along with participation from existing investors including LV Angel Fund, FAO Ventures, Synergy Capital Partners, Unit-e Consulting, Ice. VC (backed by Mrunal Jhaveri), Thrive Ventures, Chirag Jain, and several real estate-based family offices. The funds will be strategically used to expand
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