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Clapham House Group in talks to sell Tootsies

05 March 2009 by
Clapham House Group in talks to sell Tootsies

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

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