LONDON (Thomson Financial) - Ultimate Leisure Group PLC said it has bought
Living Ventures Ltd, the restaurant and bar business that owns the Living Room
brand, for 28 mln stg.
The company expects the acquisition of the Living Room to add to its
earnings in the first year of ownership.
Ultimate Leisure plans to more than double the number of Living Room sites
in the next five years.
Living Ventures, an associate company of the Restaurant Group PLC, will be
renamed the Living Room Ltd after the acquisition.
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