The Sandoval brothers reach an agreement with their creditors to save Coque
The company that manages the Madrid restaurant Coque, which has two Michelin stars, obtains judicial approval for a seven-year payment plan without debt forgiveness.
Dream Hospitality Services, the company managing Madrid's two-Michelin-starred restaurant Coque, has obtained judicial approval for a seven-year payment plan without debt reductions. The plan, approved by the Madrid Court of Instance on September 15, was agreed upon by the company's creditors and will see the 100% of ordinary credits repaid in monthly installments without interest.
Coque, run by brothers Mario, Rafael, and Diego Sandoval, had filed for creditor protection in October 2023 after facing financial difficulties due to the pandemic and investments in infrastructure. The company will remain under its owners' management and will continue to operate with no disruptions.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
