Jobs safe as Norwich nightclub goes into administration
Kim BriscoeTwenty one jobs at a city nightclub and bar have been saved after its owners went into administration.Kim Briscoe
Twenty one jobs at a city nightclub and bar have been saved after its owners went into administration.
Chicago Rock and Love2Love, in Prince of Wales Road, will remain open after the venues were sold by the administrators to Atmosphere Bars and Clubs.
The sale came after the club's original owners, 3D Entertainment Group, fell into administration after a period of sustained losses and severe cash flow difficulties.
3DE appointed joint administrators Simon Appell, Stuart Mackellar and Scott Gaillie, of restructuring experts Zolfo Cooper, to pay off creditors.
You may also want to watch:
Zolfo has now sold 31 of 3D's 50 sites, including the Chicago Rock and Love2Love outlet in Norwich and the firm's head office, to Atmosphere.
Simon Appell, of Zolfo Cooper, said: 'After a lengthy sales and marketing effort we're very pleased to be able to confirm the sale of 31 of the group's venues as this represents the best possible outcome for creditors and secures 700 jobs.
Most Read
- 1 Famous Norwich firm locked in legal battle with Red Bull
- 2 New BBQ takeaway set to open in Norwich
- 3 'We do everything correctly': Norwich takeaway handed one star hygiene rating
- 4 To cross or not to cross? Pledge to trim back danger hedge at blind corner
- 5 'Sneaky and selfish' changes to bus route slammed
- 6 Former teacher who abused young boys handed 25-year sentence
- 7 Inconvenience store: Family business blighted by roadworks
- 8 Bus services to be cancelled and changed amid driver shortage
- 9 'We will come back stronger': Norwich restaurant to close for rebranding
- 10 Bars, restaurants and shops - Five new openings in Norwich this September
'We are also continuing discussions around a number of other venues within the group portfolio and we're hoping to be able to reach an agreement on some of these in the coming days.'
3DE was one of the UK's leading late-night bar operators and 49pc of it was owned by Nightclub group Luminar.
It was known primarily for the popular Chicago Rock Cafe, Jumping Jaks and New York New York brands, but also operated several other venues including two Love2Love sites and a number of unbranded clubs.
