Eclectic buys Covent Garden bar
Eclectic, the bar group behind brands including Fez and Po Na Na, said yesterday it has bought Belgian brasserie Lowlander in London’s Covent Garden as it reported its first set of results since its November market debut. Eclectic, which raised £15m on the Aim market, said sales rose 9.6 per cent to £11.4m in the six months to 29 December. But pre-tax profits slid to £100,000 compared with £600,000 last year owing to costs related to its listing.