Po Na Na is in talks with bankers to try to resolve a growing financial crisis.
The group, which is trying to sell 10 of its underperforming clubs and bars, said in a statement yesterday that the talks were about funding facilities “which, if extended, would require a restructuring of the company’s finance arrangements”.
References: Financial Times Money & Business 26/04/03 page 4, Daily Telegraph 26/04/03 page 33, The Times Business 26/04/03 page 50, The Guardian 26/04/03 page 29, The Independent 26/04/03 page 23
