Search
The Caterer

ASK Italian and Zizzi sale could raise more than £200m

18 September 2014 by
ASK Italian and Zizzi sale could raise more than £200m

Gondola Group is set to auction Italian casual dining chains ASK Italian and Zizzi in a sale that could raise more than £200m.

The two brands are being readied for auction through financial advisory group Rothschild, according to The Times.

Private equity firm Cinven is gradually breaking up Gondola, which it has owned since 2006, in a bid to realise its investment.

The company also sold upmarket burger chain Byron to Hutton Collins for £100m in June 2013.

ASK and Zizzi were founded by brothers Adam and Sam Kaye before being sold to Gondola in 2004 and 2006 respectively, with ASK deal worth £225m.

ASK currently has 110 sites, while Zizzi has 135, and both brands are undergoing major refurbishment programmes in an effort to attract a younger audience.

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

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.