Cape Town – Madame Zingara dinner theatre is at the centre of a tug-of-war between shareholders, who want to liquidate the company, and its former managing director, who is hell-bent on saving its reputation.
Notices have been issued to the creditors of the entertainment division of Madame Zingara Holdings, MZ Entertainment (SA) (Pty) Limited, to file their claims against the company. But Madame Zingaras former managing director, Richard Griffin, who resigned from the company in January, plans to challenge the liquidation.
Read: It’s a Celebration at Madame Zingara
In his view the company is not bankrupt. Griffins parents are 40 percent shareholders and they and Griffin want an investigation.
In a letter to Madame Zingaras service provider…
Read the full article at: http://www.iol.co.za/business/companies/madame-zingara-faces-liquidation-1998292