Luminar, the UK’s largest nightclub owner, issued a stark profit warning today, after rising job losses among young people put a dampener on party spirits.
The company, which is responsible for the Liquid and Oceana chains, warned that there was a "significant risk" it would not meet full-year profit expectations in February 2010, after half-year sales fell 5.9 per cent in the 26 weeks to August 27 compared with the same period last year.
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