Po Na Na up for sale
It is reported that nightclub and bar chain, Po Na Na, has been put up for sale as a going concern.
The Financial Times says that administrator, Grant Thornton, is hoping to sell the core chain as a single business, but is open to offers.Po Na Na's shares were suspended on 30 April, pending clarification of its financial position. The company had been experiencing cash flow problems after being unable to sell a number of its underperforming sites.
On 2 May the group announced it had appointed Grant Thornton as administrators.
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