Overview
- After reports it would shut on 27 February, Stonegate says the Old Christchurch Road site will have a short refurbishment and reopen in early March as BOMO House.
- The company states the venue is not closing and is part of an ongoing transformation strategy with investment directed to reposition selected sites.
- The Bournemouth bar will transition from the Slug & Lettuce brand into Stonegate’s Pub Partners model intended to empower entrepreneurial operators and focus on community-driven pubs.
- Stonegate confirms it is evaluating options for roughly 1,000 ‘Platinum’ leased and tenanted pubs, including potential refinancing or a partial or full sale, with no decisions yet made.
- The update comes as Stonegate manages a heavy debt load reported around £3 billion and after selected Slug & Lettuce closures elsewhere, with the chain operating about 77 UK locations.