Remaining SFI sites to be sold 'in weeks'

From The Publican

Start a new thread27-Jul-2005

Related topics: Company & City News

Administrators for SFI are hopeful of shifting the remaining sites of the collapsed group within weeks.

 

PricewaterhouseCoopers' David Chubb, joint administrator of SFI, said that his firm was in "deep negotiations" with a number of prospective buyers for the 26 outlets that remain following the collapse of the bar group last month.

 

Sales would be completed "hopefully in weeks rather than months", Mr Chubb said.

 

"The sooner we can get these outlets into the hands of new owners the better it will be for all concerned, particularly the employees," he added.

 

Robert Tchenguiz's Laurel Pub Company bought 101 SFI city centre outlets, mainly prime-sited Slug & Lettuce bars, for £80m from PwC last month.

 

At the same time administrators closed another 26 sites, including a number of Bar Med and Litten Tree outlets, with the loss of more than 300 jobs.

Find us on Facebook

Spotlight

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

5 of the Best Summer Drinks Trends in 2014

5 of the Best Summer Drinks Trends in 2014

Being obsessed with the weather is a very British thing. However, sunshine sells drinks, so it’s also...

BBQ menus ideas for pubs
Expert Insights

Expert Insights - BBQ Menus

Elliot Kuruvita looks at BBQ menu ideas from this year’s British BBQ Battle finalists

Morning Advertiser Jobs: The new online job board for the licensed trade

Morning Advertiser Jobs: The new online job board for the licensed trade

The Publican’s Morning Advertiser has launched a new online platform with everything you need to know about...

Follow us on