Golden Gate in trouble. Saudade Madeira cafe. Paraglider accident. Madeira Wine Rally.

File:Golden Gate - Funchal.jpgCafé insolvencies

The Diario reports that the landmark Golden Gate (or “Grand Cafe”) may have its days numbered, at least in its current form. The future will depend on the administrators of Santolido, the company that operates the cafe and restaurant – whilst the insolvency of Santolido itself is irreversible, options are being considered to safeguard the interests of the employees.The Golden Gate itself will almost certainly attract interest as a viable investment, and hopefully the administrators will act quickly to protect the future of the workers. There are also reports that the ‘Yacht Bar’ on the Estrada Monumental is in difficulty. The hospitality union believes about 20 workers are affected across the two units.

Saudade Madeira

Saudade MadeiraAs one business runs into trouble in these still uncertain economic times, others are brave enough to start up. Saudade Madeira opened two days ago and claims to bring a new concept to the city – in the same space there are crafts, confectionery, wine and many other products including embroidery, sculptures and paintings together with a cafe. Apparently all the artists and artisans involved are Madeiran or live here – at this stage, there are about two dozen designers with products in the store, at Rua João Gago, just behind the Cathedral. Alberto João Jardim (not one to miss a chance) presided over the inauguration and praised the “new concept” of the establishment, and the wise choice of location. https://www.facebook.com/saudademadeira

Paraglider lucky escape!

A man who was paragliding over Câmara de Lobos yesterday afternoon became tangled on a cable that crosses the bay. Fire-fighters were immediately called to scene, together with the PSP, in a rescue operation that was coordinated by the Maritime Police. The paraglider had earlier taken off from Praia Formosa on one of the (noisy!) gasoline powered “paratrikes”. Fire-fighters lowered the cable to a fishing vessel where the man was taken on-board with only a slight wound to the lip.

The rescue operation incident created a lot of attention locally – at  the moment there is some great live video footage here: http://tinyurl.com/oqb6zf6

Madeira Wine Rally

The Madeira Wine Rally is taking place this weekend. Organised by Clube Sport Madeira, it is one of the most important races of the European Championship and is the largest racing event in the Region. More information: www.ralivm.com

Golden Gate update Sunday 3rd August

The Golden Gate cafe is reported  to have closed its doors today due to the insolvency of the company that operates the cafe and restaurant. “This is an inexplicable situation for an establishment over a century old and no one can understand how you get to this point of insolvency, because it is certainly not the turnover and can only be through mismanagement” said Adolfo Lusa Freitas of the union Trabalhadores da Hotelaria e Similares da Madeira. “We’re not sure the value of the debts of the company, but it is certainly several tens of thousands of euros, and a meeting of creditors is scheduled for September 15 in the Judicial Court of Funchal”. The union leader stressed that the premises where the ‘Golden Gate’ operated is owned by Banco Comercial Portuguese (BCP), which holds the rent arrears owed by Santolido”.

Golden Gate update Monday 4th August

The Diario is reporting today that the ‘Golden Gate’ has closed due to debts involving a total of EUR 46.7 million. It is one of two insolvencies within two weeks involving the entrepreneur Luis Camacho, said the head of the union Sindicato do Trabalhadores da Hotelaria e Similares, Adolfo Freitas. He also explained that “Hotel Mar” (Eden Mar?) also became insolvent, but the workers were integrated into another company [Hotéis Madeira Managers] which guaranteed them all their rights, except seniority. “Unfortunately, the company (Santolido) encompassed the catering establishments ‘Golden Gate’ and ‘Yachts Bar’, and workers were not so lucky due to the debt of Mr. Luis Camacho, who failed to pay the rentals and other creditors”, said the union leader. He added that “as a whole, the accumulated debts that these two companies total EUR 46.7 million”. Luis Camacho declined to comment on the situation, stating only that the closure was “a court decision that declared insolvency of the company”.

Editors note: Clarification 21.8.14 – It has been subsequently established that the “Hotel Mar” referred to in the newspaper above is definitely not the Eden Mar – thanks to readers for clarifying this! Apologies if the blog has impugned the reputation of this sucessful hotel in any way.

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8 Responses to Golden Gate in trouble. Saudade Madeira cafe. Paraglider accident. Madeira Wine Rally.

  1. mauricereed Friday, August 1, 2014 at 16:25 #

    Isn’t the Golden Gate supposed to be one of the oldest restaurants in Funchal?

    Nothing lasts forever…….

  2. Ray Friday, August 1, 2014 at 23:44 #

    In reply to Colin G’s question about buying a complaints book, you buy them at an office ACIM. If you walk past the municipal Gardens on your right going in the direction of the Casino before you get to the roundabout for the Dolce Vita there are a couple of streets on your right. One of them has a couple of cafes on it, ACIM is near to them, sorry I cannot be more precise but I can’t remember the names of the streets. The fire extinguishers can be bought at a shop called Loja de Fogo I think, this shop is near the Lavadores market, if you face the front of the market, it is down one of the roads that you can see on your left. Walk down the street and the shop is on your left about 100 yards down, once again I’m sorry I cannot be more specific but again I do not know the name of the road.
    A quick update on our application for a tourist license, we still have not been granted one, it is ongoing but has come to a halt because we are back in the U K at the moment. What I can say is that our local Camera are either clueless about the requirements to grant a license or are being deliberately obstructive. I hope it is the first reason but I feel it is the second reason

  3. Admin Saturday, August 2, 2014 at 11:07 #

    Quick note – just been e-mailed about the closure of the M56 to remove a bridge this weekend – anybody travelling to Manchester Airport is advised to leave extra time: http://tinyurl.com/nodt5rh

  4. ColinG Sunday, August 3, 2014 at 14:25 #

    Brilliant Ray! – thanks for the details.

  5. Becky Sunday, August 3, 2014 at 23:52 #

    Sad to hear that the Golden Gate closed today. I’ve been there so many times over the last 7 years and with many of the same staff working throughout that time. I hope it doesn’t get taken over by someone who changes it beyond recognition.

  6. mauricereed Monday, August 4, 2014 at 07:51 #

    Just seen on BBC that BES is to be split into good and bad banks. The ‘good’ part will be renamed Banco Novo. Good news for those Brits who have their money held there.

  7. Jon Monday, August 4, 2014 at 21:25 #

    Full info, statements and questions and answers on the “old” BES web site (in English also) = the “good” bank

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