Plus   Neg

Live Nation Acquires Majority Stake In Groot Hospitality - Quick Facts

Live Nation Entertainment (LYV), a live entertainment company, has acquired a majority stake in David Grutman's Groot Hospitality. Groot Hospitality's portfolio includes top dining, entertainment and hospitality brands. David Grutman will remain as CEO of Groot Hospitality.

Groot Hospitality was formed in 2018 as David Grutman's collective of many successful ventures. Its footprint currently includes LIV, Story, Komodo, Swan & Bar Bevy with Pharrell Williams, and Papi Steak. In 2020, Groot Hospitality will unveil a number of new projects in Miami, Las Vegas, Dallas & Dubai.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The media mogul and Billionaire Sumner Redstone passed away on Tuesday at the age of 97, his family's holding company National Amusements said in a statement on Wednesday. He was Chairman Emeritus of ViacomCBS and chief executive officer of National Amusements. Customers in the U.S. are preferring digital or touchless payment methods due to concerns arising from the COVID-19 pandemic, a survey said. According to the survey by Rapyd Financial Network, the coronavirus pandemic has raised health and safety concerns around using cash and coins, and is accelerating the pre-existing trend toward digital transactions. American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. This means that the travelers need not pay penalties for changing the origin and destination cities.
Follow RTT