Hotel Urbano Founders Regain Control, Buy Back Shares of Priceline and Other Investors
They're back. The Brazilian economy and Hotel Urbano have both suffered a very rough stretch. Co-founders Joao Ricardo Mendes and Jose Eduardo Mendes have reasserted themselves in leading the company, but haven't publicly articulated in detail how they will navigate their way out of the online travel agency's current predicament. It will definitely be tough going.
1 week ago