Supermac’s, you would have thought, was one of the more vulnerable businesses in 2020. It owns 118 restaurants across Ireland — burgers and chips, Papa John’s pizza, Bewley’s coffee, Habaneros Mexican, and Supersub sandwiches. The company also owns six three- and four-star hotels in the west of the country. Earlier this year, I valued it at €108 million. With restrictions on eating out, and fewer people on the move in general, restaurants and hotels have been some of the worst hit industries in Europe. Aswath Damodoran of NYU keeps data on how Covid-19 impacted businesses in 2020. For listed European restaurant…

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