SFI has agreed to sell 98 of its 150 outlets to Laurel for £80m. The high street bar company is heavily indebted and yesterday went into administration. Administrators at Price Waterhouse Coopers say the remaining 52 unsold outlets would continue trading while a buyer was found. The SFI estate includes such brands as Bar Med, Havana and The Litten Tree. Financial Times 25/6/05 page M2 (Money & Business) The Daily Telegraph 25/6/05 page 28 (City Bulletin) The Times 25/6/05 page 58 (Need To Know), page 62 (Business)

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