Conglomerate May Sell Hard Rock Cafe
Rank Group says divestiture of the chain would allow it to focus on gambling in Britain.
Leisure and gaming conglomerate Rank Group said Tuesday that it might sell its iconic Hard Rock Cafe chain to concentrate on gambling in Britain.
Shares in Rank, which last year sold its DVD business and split off its film production unit, rose 2.5% 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 gambling laws there.
External Source - For the complete article click here
Source - Los Angeles Times
Logos, product and company names mentioned are the property of their respective owners.
- First Ever All Inclusive Hard Rock Hotels in Mexico to Open This August
- Seminole Hard Rock Hotel & Casino Tampa to Hire Over 400 New Team Members
- Hard Rock Launches Jimi Hendrix Signature Series: Edition 29
- Hard Rock Cafe to Open at Four Winds New Buffalo in Summer 2012
- Hard Rock International Announces Developmental Plans for Hard Rock Hotel & Casino Holyoke
- Papa Bello Issues LOI to Acquire ForgetAboutIt! Foods
- Dickey's Barbecue to Expand Across Mississippi
- Benihana to Be Acquired by Angelo, Gordon & Co.'s Private Equity Group for $296 Million
- Menchie's Celebrates New Milestone As the World's Largest Self-Serve Frozen Yogurt Franchise
- Tossed® Adds Some Green to Boston's Financial District with New Eatery
