Regent Inns sales slump by 10.9% as talks to sell the business continue

16 May 2008 by
Regent Inns sales slump by 10.9% as talks to sell the business continue

Walkabout operator Regent Inns is still in talks with potential buyers despite seeing sales fall 10.9% this year.

Regent Inns has been up for sale since 15 January and has cited poor like-for-like sales since 2007, which it blamed on the poor summer weather and the absence of a major football tournament.

Discussions with those putting offers on the table are "continuing to progress" the company said today.

Trade continues to be disappointing in its flagship Walkabout but Regent Inns said its Joguleurs comedy club business was trading robustly.

Old Orleans restaurants has demonstrated steadily improving sales since Christmas following refurbishment.

Regent Inns has also reduced its debt by £1.6m to £79m.

Regent Inns in sale talks >>

Regent Inns puts bars up for sale >>

By Christopher Walton

E-mail your comments to Christopher Walton here.

The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
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.


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