  Hysteria Member Username: Hysteria Post Number: 673 Registered: 02-2006 Posted From: 152.163.100.8 |
LONDON - Leisure and gaming conglomerate Rank Group PLC said Tuesday it may sell its iconic Hard Rock Cafe chain to concentrate on gaming in Britain. Shares in Rank, which last year sold its DVD business and split off its film production unit, rose 2.5 percent on the London Stock Exchange after it announced a review of the Hard Rock chain's "potential strategic options." The sale of the Hard Rock music memorabilia restaurants would leave Rank with just its gaming operations — Mecca Bingo and Grosvenor Casino — in Britain ahead of an anticipated relaxation in gaming laws here. Revenue at the division grew 8 percent at company-operated cafes worldwide with total sales up 6 percent in the 26 weeks to June 25. The first Hard Rock Cafe opened in London's Piccadilly in 1971 and there are now 120 outlets in the more than 40 countries. Rank owns about 70 of the cafes while the remainder are operated under franchises. It has recently been diversifying away from the cafe business and now also lends its brands to restaurants, hotels and casinos. http://news.yahoo.com/s/ap/200 60704/ap_on_bi_ge/britain_rank _hard_rock | ||
Hysteria Member Username: Hysteria Post Number: 674 Registered: 02-2006 Posted From: 152.163.100.8 |
Doesn't sound like they'll be closing any locations ... for now. | ||
Supersport Member Username: Supersport Post Number: 10292 Registered: 10-2003 Posted From: 69.246.37.236 |
Maybe this is what HFD meant? LMAO | ||
Merchantgander Member Username: Merchantgander Post Number: 1986 Registered: 01-2005 Posted From: 150.198.150.244 |
You should know considering it was you that posted it over there. So what did you mean when you posted that Hard Rock Cafe was closing? | ||
Cafe Member Username: Cafe Post Number: 1295 Registered: 10-2003 Posted From: 84.162.57.140 |
This should be fun! |
