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)
