Orchid rescues 10 Bar Room Bars from administration

17th June 2009, 8:37am

Pub operator Orchid Group has rescued 10 Bar Room Bar sites from administration.

The deal, which has secured 200 jobs, will allow the unbranded and branded Bar Room Bar sites to continue trading under their existing guise.

Rufus Hall, chief executive of Orchid, said: "Acquiring these ten profitable unbranded and branded businesses is absolutely in line with our strategy to lead sector consolidation. 

"This is an exciting day for Orchid as this represents the first of many acquisitions to come, thus enabling us to continue to leverage our position as a leading player in the managed sector".

Phil Kaziewicz, managing director of GI Partners (Orchid's largest shareholder), added: "We fully supported Orchid's restructuring, at the end of 2008, because we felt confident in the group's ability to adapt and evolve the business in line with current economic conditions.

"We are pleased to already be seeing the well thought out strategy paying off; not only benefiting the Orchid Group but saving businesses and hundreds of jobs in the process."

Birmingham-based Bar Room Bar collapsed in April after ongoing cash flow difficulties. It was set up in 2007 after buying 16 sites and the Bar Room Bar brand name from the Orchid Group for £20 million.

Related Articles:

• 31 Mar 2010 - The Orchid group installs 3D televisions in pubs
• 08 Sep 2009 - Orchid customers dig deep for 'Home and Away Appeal'
• 26 May 2009 - Healthy food choices are child’s play at Orchid
• 04 Nov 2008 - Charity drop off point at Orchid pubs
• 17 Apr 2008 - Tinies Kids Club at Orchid's pubs
• 02 Apr 2008 - The Orchid Group launches low alcohol wine

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