Hakkasan Group still in talks over sale

By Sophie Witts contact

- Last updated on GMT

Hakkasan Group still in talks over sale
The owner of Hakkasan Group is still in talks to sell the restaurant and nightclub operator, according to a Bloomberg report.

The business includes the eponymous Cantonese restaurant brand, Yauatcha teahouses and bars and nightclubs worldwide.

It has attracted interest from Spanish nightclub operator Pacha Group and travel investment firm Certares, according to Bloomberg​sources “with knowledge of the matter”.

No final decision has been made and the talks may not lead to a sale.

It comes after a planned $1bn merger of Hakkasan with SBE Entertainment group, which owns London’s Mondrian hotel, fell through this year.

SBE has since sold a 50% stake to French hospitality giant AccorHotels.

Hakkasan is owned by Dubai-based Alliance International Investment, part of Abu Dhabi’s Mudabala Investment co.

The group closed its Michelin-starred London restaurant​ HKK in 2017 after five years to focus on its global business.

Three of its remaining London restaurants, Hakkasan Mayfair, Hakkasan Hanway Place and Yauatcha Soho, hold Michelin stars.

The group also runs a Yauatcha in the City of London and Sake no Hana bar in St James’s.

BigHospitality​ has contacted Alliance International for further comment.

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