Spirit Group is close to selling 178 high street outlets to Alchemy Partners in a deal worth up to £180m, according to the Financial Times. It is thought that the deal for the City Day & Night division, which includes brands such as Bar 38, could come as soon as this week. Rumours of the deal were first reported in August in M&C Report. The 178-strong package was put up for sale in April following a strategic review. Punch Taverns and Mitchells & Butlers are currently linked to a possible £2.5bn bid for Spirit, which would not be affected by the mooted Alchemy deal