Restaurant Chain | Pixr8 News

A popular British restaurant chain known as Wagamama which has become a global brand is again entering into the Middle East market with another branch. The restaurant chain is making a debut and opening its first restaurant in Abu Dhabi. This new restaurant will be launched at Abu Dhabi Mall on October 31 which will bring the number of locations across the UAE to eight. The retailer said the opening marks a new chapter in the wider expansion plans for the restaurant brand across the UAE and a growing presence in neighboring GCC countries. “The arrival of wagamama at Abu Dhabi mall is an important milestone for the brand as we continue to deliver food that’s good for the soul, in a warm and friendly atmosphere,” said Elias Madbak, director of operations at RMAL Hospitality, franchise pa...

One of the top investor Rakesh Jhunjhunwala's co-founded firm, Alchemy Capital Management, has recently invested Rs 80-90 crore in CX Partners-backed casual dining restaurant chain Barbeque Nation Hospitality Ltd before the IPO placement. “Alchemy Capital has picked up a minority stake in Barbeque Nation through Alchemy India Fund for a consideration of around ₹80-90 crore. The pre-IPO placement valued the company at ₹2,300-2,400 crore”. According to the reports, The capital will be used to build new restaurants and also for repayment of debt. In 2013, CX Partners had invested in the restaurant chain, Alchemy Capital was set up in 1999. The first Barbeque-Nation restaurant was launched in 2005. The company operated 81 restaurants across 42 cities in India and one in Dubai till 30 J...

Tag: Restaurant Chain

British Restaurant Chain Wagamama to Make its Debut in Abu Dhabi

Restaurant Chain Barbeque Nation Raises Pre-IPO Funds From Jhunjhunwala