Botanic Inns: Administrators KPMG sell six bars

Botanic Inn The Botanic Inn on Belfast's Malone Road has been bought by the Horatio Group

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Six bars in Belfast owned by Northern Ireland's biggest pub chain have been sold.

Botanic Inns went into administration last week. The six bars have been sold to the Horatio Group.

The administrators KPMG said 300 jobs will be transferred to the new owners.

Seven other bars are still being run by the administrators, who said they were confident of selling them in due course.

The businesses which have been sold are the Botanic Inn, Madisons Hotel, the Kings Head, the Northern Whig, the Elms and the Fly.

The new owners, the Horatio Group, is controlled by Stephen Magorrian, who until last week was the owner of Botanic Inns.

The seven Botanic Inns businesses still being run by the administrators are: the Apartment, the Kitchen Bar, McHugh's, the Parador, Molly Browns, Denvirs and Ryans Bar.

The joint administrators John Hansen and Stuart Irwin said they were confident of achieving a successful sale of these venues in due course and also securing the continued employment of the remaining 300 plus staff.

The company grew into Northern Ireland's biggest chain on the strength of its original pub, the Botanic Inn on Belfast's Malone Road.

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