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Camarasa Transfers Barcelona Flagship as New Owners Plan 'Sotelo' Rebrand

The transfer settles only part of the chain's insolvency debts, leaving bank and ICO loans to be renegotiated.

Overview

  • Álex Fernández, owner of BitBase, and businessman Tito Bosch have taken over the Francesc Macià site.
  • The venue’s restaurant area will be rebranded Sotelo, referencing the plaza’s Franco-era name, while the fruit shop continues under Marc Taribó.
  • The agreement was signed on August 5, with the makeover slated within about two weeks and roughly 30 employees expected to retain their jobs.
  • The deal cleared overdue rent and only partially reduces liabilities exceeding €3.5 million owed to major banks and suppliers.
  • ABC reports a €160,000 transfer price, a figure not detailed by La Vanguardia and lacking broader corroboration.