Tao Group Hospitality acquires Hakkasan Group

By Joe Lutrario contact

- Last updated on GMT

Tao Group Hospitality acquires Hakkasan Group

Related tags: Hakkasan Group, Asian cuisine, Us, Fine dining, Japanese cuisine, London, Yauatcha, Noah Tepperberg, Jason Strauss

The US-centric Tao Group Hospitality has acquired Hakkasan Group in a deal that will create a ‘premium hospitality powerhouse’ with significant potential for future growth.

The newly formed group comprises 61 entertainment dining and nightlife venues in 22 markets across five continents and features a collection of widely recognised upscale, lifestyle-oriented hospitality brands, including Tao Group Hospitality’s Tao, Marquee, Lavo, Beauty & Essex and Hakkasan Group’s Hakkasan, Yauatcha, Omnia and Ling Ling.

Hakkasan Group’s portfolio expands Tao Group Hospitality’s domestic reach in key markets such as Las Vegas, Southern California and Miami, while also significantly growing Tao Group Hospitality’s international presence with the addition of key global destinations.

This includes London, where Hakkasan Group operates two Hakkasan restaurants (pictured), two Yauatcha restaurants and Sake no Hana. 

Hakkasan Group also operates four venues in the Middle East, providing an ‘instant platform for growth’ in several fast-developing markets. 

Hakkasan Group’s executive team will continue to run day-to-day operations for the Hakkasan properties under the direction of Tao Group Hospitality, led by co-CEOs Noah Tepperberg and Jason Strauss. 

“Hakkasan Group is a strong strategic fit with a venue portfolio that not only expands our US presence, but gives us an important foothold in key global destinations,” says Tepperberg. 

“Over the last 20 years, Hakkasan Group has built some of the most successful brands in the hospitality industry. This partnership provides a tremendous platform to use our combined scale to create new opportunities that drive value.”

Strauss adds: “As indoor dining and other hospitality experiences start to return to regular operations, we believe our newly combined company will be well-positioned to take advantage of this pent-up demand, setting the stage for long-term growth.”

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