Administrators shutter 18 SFI outlets

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Related tags: Public house, Sfi

Administrators for the SFI chain have closed 18 outlets, including three branches of Slug & Lettuce, a mere week after the bar company's...

Administrators for the SFI chain have closed 18 outlets, including three branches of Slug & Lettuce, a mere week after the bar company's collapse.

The closures - which in addition to the S&L sites include eight Litten Trees, five Bar Meds, one Havana and an undisclosed outlet - have resulted in 240 SFI employees losing their jobs.

Following last week's collapse of SFI, administrators PricewaterhouseCoopers sold 98 of the 150-strong SFI portfolio together with its head office function to Robert Tchenguiz's Laurel Pub Company.

PwC had planned to keep the remaining 52 bars trading for as long as possible while seeking potential buyers.

However PwC director David Chubb, who is jointly overseeing the administration process, told thePublican.com his team had had to close down those outlets which "based on the review we conducted were of no significant value to creditors".

Mr Chubb said the loss of jobs was regrettable and that PwC would be seeking to keep the remaining 34 outlets trading as long as possible while looking for potential buyers.

Related articles:

Laurel snaps up pubs as SFI collapses (24 June 2005)

Related topics: Other operators

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