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Deloitte completes nightclub sale 21 June 2013

Administrators Deloitte have confirmed the sale of the Atmosphere Bars and Clubs Limited, which entered administration in May.

Atmosphere Bars and Clubs has been sold to Chicago Group, an affiliate of Sun European Partners, LLP, with 10 venues and its head office transferred to the new owners.

Daniel Butters, joint administrator, said: “We have completed the sale of the restructured portfolio, thereby securing the employment of 252 full and part-time staff.

“We wish the buyer every success and are grateful for the support of all employees and stakeholders to the business during the administration.”

Atmosphere Bars and Clubs, founded in 2010, operated 24 licensed premises, including 19 Chicago’s Bars, three Modello bars and two nightclubs.

However, the chain suffered from cash flow problems resulting in company directors to seek administration.

14 of the chain’s venues were closed following the appointment of Deloitte as administrators.

The 10 venues included within the sale are – Chicago Rock Café Basildon, Chicago Rock Café Chelmsford, Chicago Rock Café Hanley, Chicago Rock Café Kings Lynn, Chicago Rock Café Norwich, Chicago Rock Café Stevenage, Chicago’s Stourbridge, Chicago Rock Café Stratford upon Avon, Chicago’s Windsor and Modello Yeovil.

Atmosphere Bars and Clubs completed the sale of Pure nightclub, Portsmouth, to Invincible Leisure ltd in February 2013, following the sale of Gregory’s nightclub, Nantwich, to Chester Bars ltd in November 2012.

 

 

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