Luke Johnson is to lift his stake in the Brighton Pier Group to 27% by exercising his warrants in the company at a cost of almost £1m.
The investor, who acquired the grade II listed pier in 2016 in an £18m deal, is raising his holding from 23.7%.
Johnson said that although these were “testing times for the leisure and hospitality industries”, in the face of cost inflation, taxes and competition, his latest investment was a sign of his confidence.
