Restaurant boss resigns for buyout
Wednesday 20 August 1997
Break for the Border, the themed restaurants group, is to sell its music and theatre interests, which include the Brixton Academy and the Shepherd's Bush Empire.
Ian Howard, chief executive and one of the founders of the business, has expressed an interest in buying the music and theatre divisions.
He has resigned as chief executive to put together a bid, although he will remain a non-executive director.
Break for the Border will now focus on expanding its bars and restaurants. One of its themed restaurants will open shortly in Leeds and further openings are planned within the year. The company said the division being sold was not as profitable as its bars and restaurants business.
Mr Howard has a background in the music business, and founded the company's Borderline clubs, which play live music at venues in Charing Cross and Oxford Circus.
He has been replaced by Roger Beaumont, group operations director. A new non-executive director will be appointed shortly.
For the year to the end of March, bars and restaurants reported turnover of pounds 14.27m, compared to turnover of pounds 6.88m in the music and theatre division.
- 1 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 5 Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
White and gold or blue and black – what colour is the dress? An eyewitness gives a definitive answer
Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...