Chopstix acquires Yangtze Chinese chain

13/11/2017 - 09:47
Oriental noodle bar Chopstix has acquired the nine strong Chinese chain, Yangtze, for an undisclosed sum.

Founded in 2001, this is the group’s first acquisition and will add to its portfolio of 75 quick service restaurants across the UK – having doubled its outlet count in the past 18 months.

Sam Elia, director and co-founder, said: “We have been keen to extend our restaurant interests in the “food to go” sector for a number of years, however, were prepared to wait until the right proposition presented itself. With this acquisition, we are pleased to add a second premium brand to our portfolio, and fully intend to maximise the potential of both Chopstix and Yangtze in the months and years ahead.”

Co-Director Menashe Sadik added: “Now that our first acquisition has been concluded, there is a real appetite and desire to consider future activity.  We are already assessing a number of potential deals, and whilst Chopstix and Yangtze share an obvious affinity, we are not inclined to limit ourselves exclusively to the Oriental influenced sector, as we seek to achieve the Group’s acquisition and growth ambitions.”

Backed by Metro Bank, the deal means that the company is now active within 35 shopping and retail hubs in the UK and Ireland, including Birmingham’s Merryhill Centre and the Meadowhall Centre in Sheffield.

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