Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Cheese supplier to London's top hotels saved in management buy-out

28 April 2009 by
Cheese supplier to London's top hotels saved in management buy-out

The cheese wholesaler that supplies some of the countries top hotels and groups, including the Ritz in London, has been rescued from administration after a management buy-out.

London-based H&B Foods, which owns the Huge Sauce Company and the Cheese Cellar Company, supplies hotel groups Hilton, Marriott and De Vere.

It also counts Radisson Edwardian and the Mandarin Oriental hotel in Knightsbridge as clients, as well as restaurant groups Nando's, Café Rouge owner Tragus Group and Carluccio's, as clients.

The management buyout, which was lead by H&B founders Nick Martin, Jonnie Archer and Simon Yorke with backing from investment bank Straumur Burdaras, safeguards 300 jobs, after parent company Novel Group was placed into administration.

A spokesman for Straumer Burdaras said: "The Cheese Company will be profitable from day one. We agreed to help finance the deal because we believe in the management's vision for the business and its future prospects."

Novel Group also owns the Fresh Olive Company, which employs 100 people. The business will continue to trade while administrators seek to find a buyer.

Regent Inns to delist from stock market >>

Gold standard Brie from the Cheese Cellar >>

Owner Hotels on the edge of administration >>

Administrator to buy out GuestInvest investors >>

By Gemma Sharkey

E-mail your comments to Gemma Sharkey here.

Caterersearch.com jobs
Looking for a new job? Find your next job here with Caterersearch.com

Blogs on Caterersearch.com](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking