The Hawksmoor steak restaurant business is in the early stages of going up for sale

0

The Hawksmoor steak restaurant is in the early stages of going up for sale, city sources say

According to city sources, the Hawksmoor steak restaurant is in the early stages of going up for sale.

Private equity owner Graphite Capital has appointed investment bank Stephens to start the process in 2023, a source said.

Hawksmoor shelved its flotation plans last year. He was working with Berenberg Bank.

For sale: The first Hawksmoor was opened in 2006 in London by founders Will Beckett and Huw Gott

The first Hawksmoor was opened in 2006 in London by founders Will Beckett and Huw Gott, minority shareholders.

Graphite paid between £35m and £40m in 2013 for a majority stake in the chain, which has seven restaurants in London as well as branches in New York and Edinburgh.

City sources questioned the timing.

The profits of many restaurant businesses are being hit by consumer spending cuts.

D&D London, owner of Quaglino, halted a sales process this year after failing to find a buyer.

Hawksmoor declined to comment.

Share.

About Author

Comments are closed.