In an excellent article in the latest Camden New Journal, they have revealed that while their Camden employees earning £6.60 per hour demonstrated outside the Town Hall earlier this month, Caterlink’s parent company was selling £1400 bottles of champagne just yards away in King’s Cross station. And while the company claimed it couldn’t afford £460,000 to pay its 300 Camden school meals workers the living wage of £8.80 per hour it made an operating profit of £24.6 million.
In addition to bumper profits, Caterlink’s parent company, Westbury Street Holdings (WSH) recently bought the Searcys chain of luxury champagne bars, for an estimated £25-£30 million. And its sister company, BaxterStorey, also owned by WSH, made £20.9 million profits and paid £47 million in dividends to shareholders.
Read the full investigation here: http://www.camdennewjournal.com/dinnerladieschampagne