Luminar reports strong start to 2015 as it continues investment

Pryzm Bristol

Like-for-like sales are up 5.1% at nightclubs operated by The Luminar Group as it continues to invest in its venues and entertainment.

The strong figures for the more established sites in the group’s estate have been revealed in a trading statement for the 12 weeks to March 28.

Since January 4, the company has experienced strong weekend trading, with early-week student sessions holding up well. Luminar added that the Chicago Leisure business it acquired in November has been continuing to trade in line with expectations.

Chief financial officer Russell Margerrison said: “We’ve had an extremely positive start to 2015 and our new financial year and are pleased that the continuing investment in our estate and spend on our entertainment strategy, which was up 50% in 2014, is paying dividends.

“Whilst there’s been lots of speculation about the health of the late night sector, we believe that our consistently solid trading proves that, when you deliver the right combination of well invested sites, compelling customer offers and high-quality entertainment, trade will follow.”

The Luminar Group operates 58 venues nationwide, employing 2,800 people, with brands such as Pryzm, Cameo, Liquid and Envy. Its full-year results will be published on May 19.

Previous Pulled pork trend prompts launch of pre-cooked products
Next Scandinavia inspires new coffee, dining and drinking concept