So Youâre Saying Thereâs A Company With Half Its Assets In British Hotels Whose Founder Is Facing A Criminal Tax Probe? Might You Have Any Of Its Bonds That I Might Borrow?
The short-sellers have come for Vivion.
Author:
The short-sellers have come for Vivion.
Spending hundreds of millions of dollars on hotels in the years and weeks before the coronavirus upended travel is the kind of thing that might catch a short-seller’s attention. The fact that most of these hotels were in the U.K., a country struggling not only to contain the pandemic but also to figure out what, exactly, Brexit means might pique this interest a little further. Throw in the arrest of the company’s controlling shareholder, and there are hardly enough Vivion Investments bonds available to lend to meet the demands of those desperate to bet against that sort of trifecta.