Belgo poised to close two more outlets

By Cheryl Cole Belgo is on the brink of closing its poorly performing mussels and beer restaurant...

By Cheryl Cole Belgo is on the brink of closing its poorly performing mussels and beer restaurants in Dublin and Bristol, sources close to the company told Investor's Week. "Belgo's Dublin restaurant is faring poorly and further overseas expansion has been put on hold. Bristol is not holding its own and management is set to cut its losses," one source said. Before Christmas, Belgo told analysts it had turned Dublin around and that it was performing steadily. Chairman Luke Johnson has since said: "Trading in some of our outlets during the first two months of 2001 has been difficult." Th...