The Barkby Group PLC (GB:ROAD) has released an update.
Roadside Real Estate PLC has successfully sold off its last four pubs, marking a strategic shift to concentrate on its roadside real estate operations. The disposal involves the termination of leases at no cost and the transfer of operational responsibilities to PS91 Hospitality Ltd. This move comes after the pubs reported a pre-tax loss of approximately £0.8 million and follows the company’s plan to refocus its business model.
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