Sir Terence Conran prepares to sell up
by Catherine Woods - Monday, 12th May 2008 -
Sir Terence Conran has become the latest entrepreneur to make plans to sell part of his stake in his restaurant empire.
According to The Sunday Telegraph, Goldman Sachs will be officially appointed today to seek an investor to take a controlling interest in D&D London, which is reportedly worth £200m.
Conran holds 51 per cent of the shares in the business but is not expected to opt out of D&D completely – just reduce his overall holding.
The news has been met with concern about what it means for the restaurant sector and also a degree of sadness that the Conran era is perhaps coming to an end.
Conran’s planned departure from the kitchen follows similar moves by two other leading London foodie entrepreneurs.
The Times reminds us that Wagamama supremo Alan Yau sold his Michelin-starred Hakkasan and Yauatcha eateries for £31m in January.
Meanwhile, Nobu founder Nobuyuki Matsuhisa is also seeking a buyer for his stake in the restaurant group.
Picture source
Related tags: terence conran, nobuyuki matsuhisa, goldman sachs, sir terence conran, nobu, entrepreneur, dd london, alan yau, wagamama, restaurant empire, selling a stake,
BUSINESS NEWS >>
By Rebecca Burn-Callander - July 04, 2008 12:39pm GMT
By Kate Pritchard - July 04, 2008 12:28pm GMT
By Kate Pritchard - July 03, 2008 5:24pm GMT
By Real Deals & Real Business - July 03, 2008 3:45pm GMT
By Catherine Woods - July 03, 2008 3:38pm GMT
BUSINESS COMMENT >>
By Rebecca Burn-Callander - July 02, 2008 2:55pm GMT
By Ally Papasodaro - June 27, 2008 4:10pm GMT
By Matthew Rock - June 26, 2008 4:41pm GMT
By Rebecca Burn-Callander - June 26, 2008 2:45pm GMT
By Rebecca Burn-Callander - June 25, 2008 11:09am GMT







