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Luminar issues trading update
By Sarah Todd
In a pre-close statement, nightclub operator Luminar has stated that its performance for the first six months of the financial year has been “in line with expectations”, although like for like sales were down 7.5 per cent across the group’s core businesses.
According to the statement, the company has realised £4.6m in cash following the sale of eight non-core businesses since the year end.
It has also been reported that the group is in talks over the possible sale of its entertainment division, comprising nearly 80 further non-core sites, including the Jumpin’ Jaks and Chicago Rock Café chains, to the private equity group TDR Capital for approximately £90m.
The division was put up for sale in May this year.
Luminar’s interim results for the six months 31 August will be fully revealed on 15 November.
In a pre-close statement, nightclub operator Luminar has stated that its performance for the first six months of the financial year has been “in line with expectations”, although like for like sales were down 7.5 per cent across the group’s core businesses.
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