Night clubs survive closures
Date published: 03 November 2011
OLDHAM’S Liquid and Envy nightclubs have escaped a round of closures after owner Luminar went into administration.
The Chronicle recently reported how administrators were looking for a buyer after the collapse of the UK’s biggest nightclub owner but that the Waterloo Street venues will continue to open.
However, around 300 nightclub staff across the UK are set to lose their jobs after it was announced yesterday that 11 loss–making venues will close.
Administrator Ernst & Young said the closures represented an acceleration of a turnaround plan for the business and the clubs being closed had already been identified as “non–core”.
The remaining 65 clubs will continue to trade as normal as the administrator continues to seek a buyer. Alan Hudson, the joint administrator, added that the closures leave a core estate of profitable clubs.
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