News > Business

Former Ponti's boss aquires Ed’s Easy Diner

By Becky Paskin , 13-May-2009

Related topics: Business

The American diner chain has been sold to former Pontis chief executive Peter Featherman and Rankvale Hospitality

Former Ponti's boss aquires Ed’s Easy Diner

Ed’s Easy Diner , the American restaurant chain based mainly in London, has been sold for an undisclosed sum to a management buy-in team led by ex-Pontis chief executive Peter Featherman, and backed by Rankvale Hospitality.

After reporting a record increase in trading last December, the Margolis family, Ed’s former owners, took the decision to sell the 22-year old business that had been held in trust by founder Barry Margolis since his death in 2004. They instructed Coffer Corporate Leisure to sell the business to Featherman and Rankvale, who they felt would ‘protect and grow the brand.’

 

All three restaurants -  in Soho, the Trocadero Centre and Bluewater Shopping Centre - will continue to trade as normal and Featherman said he is looking to open other sites.

 

“We are delighted to complete the acquisition of this much loved brand and look forward to working with the existing loyal staff to expand the business,” he said.

 

Former Gourmet Holdings managing director Andrew Guy joins the board as a non-executive director, while Stephen Greene, executive chairman of Rankvale is now chairman of Ed’s.

 

“This is our first direct investment into an operating company, and we are confident that the mix of skills of the new expanded board, together with the strength of the brand and the professionalism of the Ed’s staff, will enable the business to grow into a major player in the sector,” said Greene.

 

BigHighlights

Michael Warren on heading up Harbour Hotels, his Hotel du Vin experience and why no two days are the same in hospitality
Small talk

Michael Warren on heading up Harbour Hotels, his Hotel du Vin experience and why no two days are the same in hospitality

Michael Warren spent 17 years at Hotel du Vin and Malmaison, helping with the development and expansion...

People on the Move in Hospitality: August 2014

People on the Move in Hospitality: August 2014

We've rounded up some of the latest movers and shakers in the hospitality industry, with the past...

60-Second Skill with Nigel Haworth: finely chopped onion

60-Second Skill with Nigel Haworth: finely chopped onion

Being able to chop finely is an essential skill if you want to make sauces or stocks...

Dish Deconstucted: José Pizarro's roasted monkfish with Serrano ham, black olives and thyme

Dish Deconstucted: José Pizarro's roasted monkfish with Serrano ham, black olives and thyme

At the recent Estrella Damm Gastronomy Congress, chef and restaurateur José Pizarro revealed the method behind a dish full...

Infographic: How to handle angry customers

Infographic: How to handle angry customers

Dealing with angry customers can be one of the most difficult, stressful and challenging parts of working...

Joanne Barratt: Pearls of Wisdom
Pearls of Wisdom

Joanne Barratt: Pearls of Wisdom

QHotels’ group operations manager talks about how important a strong team culture is in maintaining excellent standards...

Find us on Facebook

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition