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Clapham House Group in talks to sell Tootsies

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Clapham House Group in talks to sell Tootsies
Written by:

Clapham House Group, the Gourmet Burger Kitchen and Real Greek operator, is understood to have entered exclusive talks with a potential buyer of its 22 Tootsies restaurants.


The bidder, said to be offering less than £10m, is thought to be a private equity-backed management buy-in team led by a former executive of the My Kinda Town restaurant group, according to reports.


A sale of Tootsies has long been mooted as a way for Clapham House to reduce its debt and focus resources on developing its successful GBK brand.


In July last year, the group made £4.4m from the sale of its Bombay Bicycle Club chain and analysts believe that the Real Greek could also be sold.


Clapham House signs up to green scheme>>


Clapham House Group doubles profits>>


Clapham House arrests slide at Tootsies>>


Clapham House sells Bombay Bicycle Club>>


 


By Daniel Thomas


E-mail your comments to Daniel Thomas here.


 














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