The FINANCIAL — Eclectic Clubs and Bars has taken over the management of the 33-strong Premium Bars and Restaurants group (PBR), after Orchid Group decided to concentrate on its core operations.
As Caterer and Hotelkeeper reported, Orchid took control of PBR, whose brands include the Living Room chain, when it went into administration in 2009.
Eclectic, which operates Po Na Na, is backed by private equity company Avanti.
Orchid, which is now backed by Deutsche Bank following a refinancing earlier this year, is understood to want to concentrate on its own estate of about 300 managed pubs.
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