Press Up Holdings, a prominent player in Dublin's hospitality scene, has undergone significant changes as it relinquished control to Cheyne Capital, signaling a shift in its operational leadership.
The firm's co-founders, Paddy McKillen Jr and Matt Ryan, who revolutionized nightlife since the 2008 financial crisis, are no longer handling daily operations, marking an end of an era.
The company, known for major venues like the Workman's Club, has been restructuring its operations after being adversely affected by the pandemic and inflation.
With Cheyne Capital now holding a majority stake, the future direction of Press Up Holdings is uncertain, as the firm navigates recovery from the pandemic's impact while managing substantial debt.
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