Professional services firm PwC has clinched a restructuring deal for Travelex, which appointed administrators earlier in August. The news safeguards around 1,800 jobs in the UK.
Businesses centring on travel and hospitality have endured a nightmare start to 2020. With the global outbreak of coronavirus, and the international lock-down ushered in to slow its spread, every aspect of the leisure sector has been battered by Covid-19-related headwinds. While it almost goes without saying thatairlines and hotels have been battered by the current conditions, however, financial services entities have also been surprise casualties of the crisis.
Travelex is a foreign exchange company founded by Lloyd Dorfman and headquartered in London. Its main…
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