The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Tiger Tiger owner ditches Birmingham sites

13 August 2004

Nightclub operator Urbium is disposing of two loss-making venues in Birmingham.

It is getting rid of the 2,000-capacity Apt and Polaris clubs on Broad Street.

Underperformance at these venues, formerly a Tiger Tiger, led to a £2.8m impairment in the company's 2003 annual results.

Urbium is also disposing of the 350-capacity 52 Degrees North in the city's Arcadia Centre.

The leases of both clubs have been assigned to new tenants.

Chairman John Conlan said: "The disposal of these non-core and loss-making venues allows management to concentrate on the strategic development of its core businesses, the Tiger Tiger brand and its operations in the West End and City of London."

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking