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Rank Organization Of Britain

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June 8, 1996 | JAMES BATES, TIMES STAFF WRITER
Celebrity restaurateur Peter Morton, who pioneered the trend for themed eateries 25 years ago when he co-founded the Hard Rock Cafe, said Friday that he and his partners have sold their interest in the restaurant chain to the Rank Organisation of Britain for $410 million. Morton's share of the proceeds is about $300 million, with the remaining amount going to his numerous partners who were passive investors, including such well-known Hollywood figures as mogul Barry Diller and actor Tom Cruise.
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BUSINESS
June 8, 1996 | JAMES BATES, TIMES STAFF WRITER
Celebrity restaurateur Peter Morton, who pioneered the trend for themed eateries 25 years ago when he co-founded the Hard Rock Cafe, said Friday that he and his partners have sold their interest in the restaurant chain to the Rank Organisation of Britain for $410 million. Morton's share of the proceeds is about $300 million, with the remaining amount going to his numerous partners who were passive investors, including such well-known Hollywood figures as mogul Barry Diller and actor Tom Cruise.
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BUSINESS
September 16, 1993 | JESUS SANCHEZ, TIMES STAFF WRITER
Stepping up the pressure on rival Walt Disney World, Universal Studios Florida on Wednesday announced a multibillion-dollar expansion in Orlando that includes its second amusement park there, five hotels, a golf course and a CityWalk-style retail complex. Universal Studios Florida--jointly owned by MCA Inc.
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