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Botanic Inns: Administrators KPMG sell six bars | |
(about 1 hour later) | |
Six bars in Belfast owned by Northern Ireland's biggest pub chain have been sold. | |
Botanic Inns went into administration last week. The six bars have been sold to the Horatio Group. | |
The administrators KPMG said 300 jobs will be transferred to the new owners. | |
Seven other bars are still being run by the administrators, who said they were confident of selling them in due course. | Seven other bars are still being run by the administrators, who said they were confident of selling them in due course. |
The businesses which have been sold are the Botanic Inn, Madisons Hotel, the Kings Head, the Northern Whig, the Elms and the Fly. | The businesses which have been sold are the Botanic Inn, Madisons Hotel, the Kings Head, the Northern Whig, the Elms and the Fly. |
The new owners, the Horatio Group, is controlled by Stephen Magorrian, who until last week was the owner of Botanic Inns. | |
The seven Botanic Inns businesses still being run by the administrators are: the Apartment, the Kitchen Bar, McHugh's, the Parador, Molly Browns, Denvirs and Ryans Bar. | |
The joint administrators John Hansen and Stuart Irwin said they were confident of achieving a successful sale of these venues in due course and also securing the continued employment of the remaining 300 plus staff. | The joint administrators John Hansen and Stuart Irwin said they were confident of achieving a successful sale of these venues in due course and also securing the continued employment of the remaining 300 plus staff. |
The company grew into Northern Ireland's biggest chain on the strength of its original pub, the Botanic Inn on Belfast's Malone Road. | The company grew into Northern Ireland's biggest chain on the strength of its original pub, the Botanic Inn on Belfast's Malone Road. |
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