Portsmouth’s Tiger Tiger to be rebranded after being sold to PRYZM’s owner
Portsmouth nightclub Tiger Tiger will be rebranded after being sold to a rival chain.
The Gunwharf Quays based club will relaunch with a ‘new concept' in 2019 after its owner Novus Leisure agreed to sell the brand.
Tiger Tiger have been purchased by The Deltic Group, who already operates PRYZM in the city, for an undisclosed sum.
And the Portsmouth club will be rebranded in Summer 2019, it’s new owners have said.
The Deltic Group have also agreed a deal to purchase the Tiger Tiger clubs in Newcastle and Manchester – but not the ones in Leeds, Cardiff and London.
Peter Marks, Chief Executive of The Deltic Group, said: ‘We’re delighted with this acquisition.
‘Located in dynamic, vibrant cities, each of these sites perfectly complements our existing portfolio, such as our successful PRYZM Portsmouth club, and will see us enter the Manchester and Newcastle markets for the first time.
‘We look forward to welcoming the current Tiger Tiger teams to the Deltic family.
‘Our intention is to trade seamlessly through until the summer next year, whereby each of these sites will be rebranded to a new concept that is currently under development.
‘It will reinvigorate and modernise the very essence of the original Tiger Tiger vision, a multi-roomed, cross-occasion, food, drink and dancing all-day venue.'
The sale is expected to be concluded in the next few weeks as the property lease transfer process is completed.
In the meantime, the three sites will continue to be operated by Novus.
Toby Smith, CEO of Novus said: ‘This is the second stage of our planned full divestment of our late night estate following the sale of 15 sites to Stonegate in July.
‘We are delighted to have agreed terms with the Deltic team who will be terrific owners for these iconic sites.
‘They are acquiring three fantastic teams in great locations.’