RETAIL

Kuwait’s Kout buys UK dining chain Little Chef for $23m

Kout, which bought the Little Chef chain, also owns more than 40 Burger King and KFC sites in Britain and Kuwait. (Photo courtesy: Margaret Clough)

Kuwait-based Kout Food Group has bought British roadside dining chain Little Chef for about 15 million pounds ($23 million).

Kout, which also owns the Maison Blanc bakery chain in southern England and more than 40 Burger King and KFC sites in Britain and Kuwait, bought Little Chef from RCapital, the private equity firm said on Sunday.

RCapital sold Little Chef, known in Britain for its ‘Fat Charlie’ logo and all-day fried breakfasts, after what it called the “longest turnaround in our nine-year history.”

A source close to the deal said Kout paid around 15 million pounds. Kout was not immediately available to comment.

Under investment and the changing tastes of British diners forced Little Chef into administration in 2007, when RCapital bought it.

RCapital shut almost two-thirds of Little Chef’s 234 sites, cut the workforce and enlisted the help of chef Heston Blumenthal in a television series before putting the chain up for sale in April this year.

SHOW MORE
Last Update: Monday, 5 August 2013 KSA 10:07 - GMT 07:07
Top
BREAKING NEWS

Send to a friend

Close
Kuwait’s Kout buys UK dining chain Little Chef for $23m
Friend's name:
Friend's Email:
Sender's name:
Sender's Email:
Captcha Code
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed