Many people in the City consider that Pizza Express and Belgo mastermind Luke Johnson is "too clever by half".

That, according to columnist Damien McCrystal, is "a great insult" and makes other investors wary of him.

Talk of a management buyout for Signature Restaurants, the new name he gave Belgo, has boosted the shares to 56p.

But McCrystal says Johnson, who is estimated to be worth £40m, will still be getting the company for a steal at this price.

The Observer 16/06/02 page 8 (Business)

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