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He has been replaced by Roger Beaumont, group operations director.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 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London
Isis 'throw man off a building for homosexual affair' and beat him to death when he survives
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...