Home » Dubai Investors »

|| Dubai firm to buy UK food chain for $139 million

landmark-italy.jpgDubai-based firm The Landmark Group has agreed to buy Carluccio's, UK operator of Italian restaurants, in a transaction valuing the company at $139 million - the Bloomberg is reporting.

The first Carluccio's caffè and food store opened in November 1999 and it has expanded to 47 restaurants in the UK, in addition to four franchises (one in Dublin and three in the
Middle East). Carluccio's has been trading on London's AIM since December 2005. For the year ended September 2009, Carluccio's reported profit (on ordinary activities before taxation and impairment costs) was $7.2 million on turnover of $106 million. Net assets at September 2009 were $26.8 million.

To see more Middle East investors like the Landmark Group, check our Middle East Investors Directory.

You can read details of the offer on this website.

Previous Post: Middle East investors show interest in Chicago airport rail investment
Next Post: Sahara International Ventures acquired majority stake in an ISP

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2016 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter