The division, which includes unbranded clubs that do not fit with Luminar's new "branded dancing" strategy, is likely to go to an un-named company in which Luminar will hold a minority interest. The sale proceeds will be added to the shareholder fund.

For the first half of 2006, ending August 31, total sales were up 3.8% to £99.4m, but like-for-like sales in the dancing division were down 4.7%.  Like-for-like sales for the branded Oceana, Lava and Ignite dancing club brands ...