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By M&C Report team2011-10-27T12:56:00+01:00
Itsu has confirmed that it has signed a significant deal with international asset group Bridgepoint, which see it acquire “a meaningful minority stake” in the Asian-inspired food brand, enabling it to add a further 100 outlets to its estate over the next five years.
Bridgepoint is poised to take a significant stake in Itsu, in a deal which would value the business at £100m, Sky News has reported.
Itsu’s chief executive Ganan Kanagathurai is relatively mild-mannered compared to the gregarious, outsized personality of the group’s founder, Julian Metcalfe, which might explain why his promotion more than a year ago slipped under the radar.
Tampopo founder David Fox has revealed he has been taken to court by a landlord, despite the enforcement moratorium, and ongoing negotiations over the arrears.
Whitbread is opening two new Beefeater restaurants, in Saffron Walden and Hamilton, Glasgow, at new-build Premier Inn properties.
Electra Private Equity has announced that Hostmore plc is the name of the new parent company for its hospitality brands TGI Fridays and 63rd+1st.
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