Glendola Leisure acquires The Watermark in Portsmouth

23 April 2007 by
Glendola Leisure acquires The Watermark in Portsmouth

Pub and restaurant group Glendola Leisure has made the first step in its planned £20m investment in the casual dining sector by acquiring The Watermark at Port Solent in Portsmouth.

The company, owner of Rainforest Café and Waxy O'Connor's, plans to acquire a number of casual dining businesses in the capital and the south coast over the next five years.

Managing director, Alex Salussolia, said: ""We believe that casual dining in this country is a growth sector.

"The Watermark represents the type of business that we are looking to develop within the casual dining sector, namely, independent venues that serve quality food and drink in a charming and relaxed setting."

By Daniel Thomas

E-mail your comments to Daniel Thomas]( Leisure acquires The Watermark) here.

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