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Enic moves into themed restaurants and retailing via Time Warner

Investment group Enic has moved into themed restaurants and retailingthrough a deal with Time Warner, the giant US media group.

Enic is paying £29.6m for an 80% stake in Warner Brothers StudioStores, the business which runs the 10 Warner Brothers stores in the UK.It is also entering into a joint venture to run Warner Brothers’ themedrestaurants, in which it is investing £12m.

Enic has Joe Lewis, a reclusive billionaire, as a major backer.

  • The Times 09/04/98 page 32 (Tempus), page 35
  • The Independent 09/04/98 page 24
  • The Guardian 09/04/98 page 24 (Notebook)

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