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IN BRIEF: Nightcap rises on plan to expand Cocktail Club to Birmingham

8th Apr 2022 14:06

Nightcap PLC - London-based bar operator - Plans to open a new The Cocktail Club in Birmingham later this year. Says this follows the "successful" openings of larger The Cocktail Club venues in Reading and Bristol over the last few months. Says this represents the sixth new lease for The Cocktail Club since Nightcap acquired it in January 2021 for GBP5.7 million, taking it to a total of 16 sites. The Cocktail Club is a chain of upscale cocktail bars.

Current stock price: 18.99 pence, up 14% on Friday

12-month change: down 38%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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