Mon, 05 Aug 2013 | BUSINESS SALE
Roadside restaurant chain Little Chef has been purchased by Kout Food Group, the Kuwait-based owner of several Burger King and KFC outlets.
The business has changed hands for around £15 million, and the new owners will retain the brand, over 1,000 jobs and all but two of the restaurants.
Kout Food Group already owns over 40 Burger King and KFC outlets and the Maison Blanc brand in the UK, and owns franchises for Burger King, Pizza Hut, Taco Bell and Applebee’s in Kuwait.
Kout “has exciting plans to revitalise the Little Chef brand,” Fadwa al-Homaizi, the chairwoman of Kout’s UK operations told the BBC.
“Little Chef will benefit from a process of brand renewal in keeping with current trends, supported by traditional British values,” she said.
Starting out with an 11-cover restaurant in Reading in 1958, the “Fat Charlie” mascot of the restaurant has been a familiar sight on Britain’s A-roads and motorways since then, serving over 6 million customers each year.
RCapital made several changes to Little Chef since acquiring it following a spell in administration in 2007. Its outlets were cut from 234 to 83 and staff reduced from 4,000 to 1,100.
The turnaround firm is keeping two of Little Chef’s largest sites, located on either side of the A34 in Sutton Scotney, Hampshire.
___________________________________________________________________________
Related articles:
London burger chain sale
This well-established company offers temperature-controlled road haulage services across the UK and Ireland, specialising in groupage deliveries for industries such as food manufacturing. With a strategic consolidation depot in North West England, th...
This opportunity features a flexible IoT software platform with intelligent sensors that automate processes and enhance efficiency while reducing costs.
This is a unique opportunity to acquire a well-established electrical design, installation, and renewable service provider with a strong regional reputation and recognised brand.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.