Nightclub firm purchase could save 3,000 jobs

Sunday 11 December 2011 01:00 GMT

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Luminar, a nightclub operator, has been bought in a £45m deal that is expected save 3,000 jobs. The company, which ran Liquid, Oceana and Lava & Ignite clubs in town centres across the UK, went into administration in October with debts of £140m, of which more than £80m was owed to the banks.

A trio of leisure industry specialists – Peter Marks, Alex Geffert and Joe Heanen – formally completed Luminar's acquisition on Friday. Luminar was in the headlines after a 22-year-old student was killed in a crush at its Lava & Ignite club in Northampton in October.

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