Restaurant and bar operator Living Ventures has announced that its co-founders Tim Bacon and Jeremy Roberts will take up new roles within the organisation.
The company, which is now in its 16th year, said that Bacon will become executive chairman of the group, while Roberts will take on the group chief executive’s mantle. He previously served as commercial director.
Paul Moran, who is managing director of the Living Ventures Group brands, will remain in his post and continue to hold the same title.
Bacon told local press that from a leadership perspective nothing was likely to change, however he expects the restructuring to provide him with more time to develop the business as work that currently falls under his remit can be delegated to Roberts and Moran.
The Cheshire-based firm operates 11 brands, including Australasia, Manchester House and The Alchemist.
In an interview with the Manchester Evening News yesterday, Bacon said the business was on track to top the £100m turnover mark in its current financial year. It employs more than 2,500 people.