12th Aug 2014 08:47
LONDON (Alliance News) - UK bar operator Eclectic Bar Group PLC said Tuesday that it has signed a 20-year lease on a new site in Sheffield which it plans to turn into a new Lola Lo bar.
The Lola Lo and Po Na Na bar owner said it now has a total of 23 sites, including this acquisition, in key target cities for the group, one of which is Sheffield.
The company said it intends to develop the 6,500 square feet unit in the current financial year to a Lola Lo and will include the group's 'Island Grill' food offering.
Eclectic Bar shares were trading 0.7% higher Tuesday morning, at 189.80 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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