Regent Inns puts bars up for sale

Source/Contact: Caterer Search, 03/03/2008

Regent Inns has put seven of its Walkabout bars up for sale as part of a ₤25m sale and leaseback scheme.  The seven bars are located in Barnsley, Blackpool, Derby, Exeter, Newquay, Shepherds Bush and Wigan.  Regent currently operates 50 Walkabout bars in its total estate of 98 sites which also includes the Jongleurs and Old Orleans brands.  The operator is currently looking at ways to reduce its costs after it admitted to disappointing sales at the end of 2007 that had led to it entering early stage talks over the potential sale of the company.