Home » VT News » Nightclub Titan Pure Bought By Angel Management

Nightclub Titan Pure Bought By Angel Management

By Chuckmonster on Wednesday, 29th September 2010 11:15am
  » filed under Mergers & Acquisitions  comments: 4

   

Angel Management Group - operators of Studio54, Wet Republic, mix, Rok and other party zones - have acquired Pure Management Group, owners of Pure, LAX and other douchtastic joints like Christian Audigier and Miss Monkay's favorite Coyote Ugly.

At one point Pure was the top dog in the nightlife industry, but has in recent years seen its glow eclipsed by Angel, Light Group, Tao Group and the Wynn/Encore scene.

Perhaps some of you more tuned into the nightclub scene might have a bit more insight on what this means long term.

More info from The Las Vegas Sun








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Comments & Discussion:

Christian Audigier wasn't included in the deal, it's been closed already.

For the record, the *movie* Coyote Ugly is my favorite, not the bar.

This is a corporate shell game. Most of the Angel executives are former Pure executives. This gives them a clean corporate record to start over.

Parch hit on what I thought might be the big reason for this, simply a way to avoid some of the possible comedown from the IRS. If there are any actions they can be taken against employees rather then the 'corporation'.



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