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Luminar to enter administration
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3000 jobs at risk and potentially the beginning of the end for the Commercial Nightclub:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8851474/Luminar-to-go-into-adminstration.html
A sad day, but probably one brought forward by the smoking ban and changes in licencing laws- gone are the days where a nightclub was the only place you could get a drink after 11pm!
Incidentally, the current boss of Luminar's previous job was MD of Zavvi :eek:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8851474/Luminar-to-go-into-adminstration.html
A sad day, but probably one brought forward by the smoking ban and changes in licencing laws- gone are the days where a nightclub was the only place you could get a drink after 11pm!
Incidentally, the current boss of Luminar's previous job was MD of Zavvi :eek:
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It also shows the public are fed up of chain nightclubs, it never worked and served luminar right for buying out local clubs then turning them all into a brand. Its hard for clubs to have a USP when they're the same in every city. Plus they were already in debt before they bought more clubs which wasn't a good move.
Hopefully its the return of the independently run clubs or smaller groups. Where nightlife is different in every city.
The bigger luminar got the worse their clubs got, commercial nightclubs will still be about but ran better.
Was it an Oceana?
Yep - in fairness the rest of the club was okay as well when you fancied venturing out for a boogie. This is why I can't understand their problems, unless, like many of the club chains that crash, it turns out that lots of money has found its way into yachts and sunshine villas in Northern Cyprus for the owners when it should really have been fed back into the chain. Not that I'm saying they have of course, but similar things have happened with other chains.
I think Luminar places only work in smaller towns now where there is limited choice. Stealth and Rescue Rooms (in Nottingham for example), plus other more niche music venues tend to be so much better in larger cities now that people don't want to go and hear Abba or Rhianna week in week out on a night out.
Yep that's true, although Nottingham's a pretty good city for variety being small and sustained by two huge universities!
Add the Cookie Club and the Social to the two you mention, and I doubt clubs as small as that would survive in many other cities, unless they were those with a dedicated 'underground' music scene that we've always been blessed with here.
Never a truer word spoken
We can confirm that tragically one person died and two people were injured at the Lava Ignite Nightclub in Northampton in the early hours of the morning on Wednesday 19th October."
I'm sorry, but that should never have been allowed to happen.
Well, he runs 3 venues all within the local area :
http://www.ws1nightclub.co.uk/
http://www.vogue-nightclub.com/
http://www.coutureleisure.com/
Maybe this is the way forward, stay local, know your market.
Is that a joke? LOL! HMV is in serious trouble itself. A few years ago, the share price of HMV was over £1. The share price is now 4p. :eek:
A joke presumably? I hope so anyway.
According to the papers HMV are in pole position for buying out the company completely. Infact they're the only group big enough to do this, otherwise itl have to be broken up.
HMV are still buying nightclubs despite being in serious trouble, before Luminar went under HMV actually considered merging with the company anyway.
HMV know that their shops won't last very long as nobody buys cds anymore, so this would be their perfect opportunity to jump ship and move into another industry while they're still going.
WRONG - Atmosphere Bars & Clubs are in a position to buy the group in it's entirity - they are owned by venture capitalists Sun Captial Partners.
Thankfuly Simon took a lot of his "northen monkeys" with him when he left HMV, to Zavi, which went bust (Laugh I nearly cried), and now it looks like his buisness acumen has followed him to club land.
LOL Just found out one of Simon's "friends" from HMV who followed him to Zavi, is also head of eCommerce at Luminar....well was.....
http://www.thesun.co.uk/sol/homepage/news/money/3991019/Luminar-deal-saves-3000-jobs.html
But yesterday a consortium of leisure industry experts, led by former Luminar exec Peter Marks, bought the embattled outfit.
So the buyout was by the highly originally named Ranimul 2? They really didn't seem to have the first idea.
Things didn't seem to get much better after the take-over either if this report's anything to go by.