Chairman Clive Preston came out of retirement in 2001 and by 2005 had set up and sold the Nectar pub chain. He then created Amber Taverns with colleagues and venture-capital investors including Acuity Capital, Maxcap Partners and Unicorn Asset Management. Amber Taverns offers traditionally furnished, high-quality venues with affordable prices from Stoke to Newcastle. Legal and General Ventures backed a buyout for an undisclosed sum in October, helping to fund the company’s plans to double its number of pubs by 2014 from the current 56. Sales grew 63% a year, from an annualised £3.2m in 2007 to £13.9m in 2010.
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