Loughborough bar and restaurant sold out of administration
A Loughborough bar and restaurant has been sold and is set to reopen later this week.
As TheBusinessDesk.com exclusively revealed over the summer, Browns Lane entered administration in July having appointed Dean Nelson from Smith Cooper.
The company has now been sold to James Edward Associates, with all employees transferring to the new business.
Peter Neagle, director of James Edward Associates, said: “I am delighted to have completed the purchase of Browns Lane Bar and Restaurant. The business presents so many opportunities and we’re excited to shake it up.
“The mood will be a laid-back bistro bar- one that suits all and every occasion, with an emphasis on casual, not fine dining. We’ll be holding regular live music nights, and our food and drink menus will remain fresh and locally sourced, featuring weekly specials and happy hour every Friday.
“We are holding a relaunch party on 27th September where customers will receive a free cocktail and tasters of our new bistro and tapas menu, complimented with a live DJ to bring the Mediterranean vibes.”
Dean Nelson, head of BRI at Smith Cooper, said: “We’re very pleased to have achieved a sale for Browns Lane, which secures the trade and preserves employment. The business through its new purchaser will be ideally placed to build on its reputation locally in Loughborough, and further afield, and we wish Peter and his team all the success with his new venture.”
