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Trading Statement

17 Jan 2014 07:00

RNS Number : 8949X
Eclectic Bar Group PLC
17 January 2014
 



For Immediate Release

 

 

17 January 2014

 

Eclectic Bar Group plc

 

("Eclectic", the "Company" or the "Group")

 

Trading Statement

 

Eclectic, one of the leading operators of premium bars in the UK, today provides the following trading statement in respect of the six month period ended December 2013.

 

Overall sales for the period are in line with the Board's expectations. Eclectic launched its new site in Deansgate Locks, Manchester on 12 December 2013, following a successful conversion under the Group's Lola Lo brand, and the Company is delighted with the performance of this business. The refurbishments of the Group's Derby ('Coyote') and Brighton ('Madame Geisha') sites are progressing to plan and are expected to open in March 2014.

 

The Company intends to announce its interim results for the six months ended December 2013 towards the end of March 2014.

 

 

Enquiries:

 

Eclectic Bar Group plc (www.eclecticbars.co.uk)

Tel: 020 7376 6300

Reuben Harley, CEO

John Smith, CFO

Panmure Gordon

Tel: 020 7886 2500

Corporate Finance

Andrew Godber / Atholl Tweedie / Duncan Monteith

Corporate Broking

Adam Pollock / Maisie Atkinson

College Hill

Tel: 020 7457 2020

Matthew Smallwood

Justine Warren

 

About Eclectic

 

Eclectic is a leading operator of premium bars in the UK. Eclectic's portfolio comprises 20 venues located in major towns and cities, predominantly targeting a customer base of sophisticated students midweek and stylish over 21s and young professionals at weekends. The Company focuses on delivering added value for its customers, with premium product ranges, high-quality music and entertainment, and a commitment to high service levels and standards. Eclectic trades across its estate under a variety of brands, including Embargo 59, Lola Lo, Sakura, Po Na Na and Fez Club.

 

The Group's management team, led by Reuben Harley, who has over 25 years' experience of working in the UK pub and bar industry, is implementing a strategy to grow the business through the development of new sites either under the Company's existing brands or using brands which can be successfully maintained, as well as business acquisitions as appropriate opportunities present themselves.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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