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Pub group Provence Commercial Properties closes

01 November 2006
Pub group Provence Commercial Properties closes

Pub group Provence Commercial Properties appears to have closed its doors in the face of huge financial losses.

This appears to have been insufficient to prevent the company closing and the company's head office has not returned repeated calls from Caterer.

Provence's situation may have been triggered by the recent collapse of London and Edinburgh Swallow Group, whose financial model of over-leveraging leasehold properties had caused widespread concern in the banking and hospitality industry.

LESG collapse will not damage hospitality >>Anger over LESG demise as fallout hits the fan >>No surprise at London and Edinburgh Swallow Group's financial collapse >>By Emily Manson

E-mail your comments to Emily Manson](mailto:Emily.Manson@rbi.co.uk?subject=Pub group Provence COmmercial Properties closes) here.

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