Restaurants | Hotels | Pubs & Bars

FREE Digital Edition of Restaurant magazine now available to view. Click here for free access!

News

Business
Venues
Events & Awards
People
Trends & Reports
Legislation
New Products
All news

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

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.

 

Keywords: davis coffer lyons eds easy diner coffer corporate leisure peter featherman barry margolis

Copyright - Unless otherwise stated all contents of this web site are © 2013 - William Reed Business Media Ltd - All Rights Reserved - For permission to reproduce any contents of this web site, please email Robert Proctor - Full details for the use of materials on this site can be found in the Terms & Conditions

Related Articles on this topic

Latest news in Business

BigHighlights

Andreas Antona: Pearls of Wisdom

Andreas Antona: Pearls of Wisdom

The chef opened Simpsons in Kenilworth, Warwickshire, more than 20 years ago, relocating the Michelin-starred favourite to Birmingham...
Focus on wine: Sommeliers share their restaurant's top food and wine pairings

Focus on wine: Sommeliers share their restaurant's top food and wine pairings

We've seen which regions are top of the wine list, now to find the food to go...
Business Profile: Kimchee

Business Profile: Kimchee

After the phenomenal success of Holborn’s Kimchee restaurant, Wasabi owner Dong Hyun Kim is bringing Korean food to...
Jonathan Neame: Beer duty cut has given Shepherd Neame confidence to invest in 40 pub projects

Jonathan Neame: Beer duty cut has given Shepherd Neame confidence to invest in 40 pub projects

Jonathan Neame, chief executive of brewer and pubco Shepherd Neame, has revealed the cut in beer duty...
Joseph Kirtley: Career Profile

Joseph Kirtley: Career Profile

American-born Joseph Kirtley started out as a bellboy at Miami Beach's Delano Hotel before climbing the ladder...

Most Popular News

  1. Luminar to unveil new 'blueprint' for its venues with £1m Bristol refurb
  1. Boris Johnson gets behind London’s small food businesses
  1. Cattle Grid owners secure first Poulet Rouge site
  1. James Petrie leaves The Fat Duck to 'explore other opportunities'
  1. People on the Move in Hospitality: June 2013

Find us on Facebook

Audio & video news

People on the Move in Hospitality: June 2013
National Waiters Day: A day in the life of a maître d’ with Paulo de Tarso
Focus on wine: What it takes to be a top sommelier

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition

Monthly business Magazine of the year

Pub news and property

M&C Report

The Grocer - Grocery retail news

Food manufacturing news

Contact us | About us | Advertise with us | Recommend this Site | Terms & Conditions | Privacy and Cookie Policy | Site map | Feeds

Jobs: Restaurant Jobs | Hotel Jobs | Pub Jobs | Hospitality Jobs

© William Reed Business Media Ltd 2013. All rights reserved. William Reed Business Media Ltd. Registered Office: Broadfield Park, Crawley RH11 9RT
Registered in England N°. 2883992. VAT N°. 644 3073 52.