The newly merged Dublin hospitality group formed by Frank Gleeson and Danu Partners is expected to press ahead with plans for a new high end restaurant, nightclub and bar in the capital's city centre.
The Sunday Business Post reports that €8 million has been earmarked by the Mercantile Group for its expansion plans over the next two years, with the new hospitality ventures expected to open as early as next month.
The Mercantile Group, which is now reported to be worth €40 million, will open a new venue in a 18th century townhouse on South William Street in Dublin, which is expected to target the over-25 age bracket, housing a high end bar, full restaurant and nightclub.
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The new venture, which is "aimed at media creatives, artists and advertising industry people" and located in the former Lost Society venue, will be managed by Dublin restauranteur Ronan Ryan.