Entertainment Social Arena #25 - Social Entertainment Shakeup!

​The competitive socializing market is entering a shakeout, with weaker operators facing falling sales while established groups pursue acquisitions, restructuring and new formats. XP Factory sold its 29-site Boom Battle Bar chain for just over £11m, allowing it to focus on Escape Hunt; Ten Entertainment disclosed a £39.9m purchase of Fairgame. Moyagi acquired Lucky Voice’s brand and three London venues as other locations closed. In Australia, Signature Hospitality is investing in Varsity and ...