News

Corporate update - 6 November 2025

The Brighton Pier Group today provides a corporate update to its stakeholders.

Whilst 2024 trading was in line with market expectations, trading across 2025 has remained subdued, with a decline in sales compounded by continued cost pressures, particularly in relation to National Living Wage, National Insurance and a reduction in Retail, Hospitality and Leisure Relief.

As a consequence, the Board of Directors has undertaken a detailed strategic review of the Group's financial and operational position. After careful consideration of all available options, the Board has concluded that the potential sale of some or all of the Group's remaining assets represents the most effective course of action to preserve and realise value for all stakeholders. The Group has now completed a process to dispose of the remaining sites in the Bars division, with Lowlander being sold in July 2025, Bristol and Reading Lola Lo in August 2025, and the final two sites (Embargo and Putney Le Fez) in October 2025. Lightwater Valley is being actively marketed. The potential sale of some or all of the remaining Group assets is at an early stage, and the timing is currently uncertain.

For any questions or enquiries about the Group or regarding this or other announcements, please contact: [email protected].