Brightonโ€™s historic Palace Pier has been put up for sale after a decline in tourist numbers, a drop in profits and increase in costs in recent years.

The leisure group that owns the 126-year-old structure, which has appeared in famous films including Brighton Rock and Quadrophenia, said it hoped to find a new owner by the summer.

โ€œThis is more than just the sale of an asset,โ€ said Anne Ackord, the chief executive

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