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Ultimate Leisure acquires Bel and The Dragon
Ultimate Leisure has bought Bel & The Dragon, a pub-restaurant chain, from Gourmet Holdings for £8.75m.
The Bel & The Dragon portfolio comprises four sites – in Windsor, Cookham, Godalming and Reading – and buying the chain represents Ultimate Leisure’s first move in its strategy to balance its “wet-led income with quality food-orientated businesses”.
Mark Jones, Ultimate’s chair, said: “Bel & The Dragon is an attractive business and the acquisitions of these four sites would represent important progress in our stated aim of developing the food-led side our business.
Ultimate Leisure, which owns 30 bars and nightclubs in the UK, said it will be looking at other acquisitions, but said announcements will be made “when appropriate”.
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