Latest NewsPremium Bars & Restaurants see sales rise(08 January 2008 10:50)Premium Bars & Restaurants saw total group sales leap by more than 100% in December thanks to a record breaking performance from its Living Room brand. The company, previously Ultimate Leisure, snapped up Living Room from Living Ventures in a £8.75m deal last June. In the three weeks ended 23 December, The Living Room averaged weekly sales per site of more than £83,000, a brand record. Mark Jones, chairman at Premium Bars & Restaurants, said: “Overall we are pleased with our performance in the crucial month of December. “Our strategy is now clear and defined involving the roll out of our brands – The Living Room, Bel & Dragon and Prohibition.” In the six months to the year end, the company disposed of five sites and opened a new Prohibition in St Katharine’s Dock in the City. Article continues below
It has also exchanged contracts on a new Living Room site for The Hub restaurant complex in Milton Keynes. Living Ventures reveals new Est Est Est name >> By Chris Druce E-mail your comments to Chris Druce here.
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