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Daily news & jobs: www.leisureopportunities.co.uk Wagamama sold to Duke Street


Tom WAlker


Private equity group Duke Street has acquired Japanese- style noodle restaurant chain Wagamama from Lion Capital for an undisclosed sum. The deal includes all 70


restaurants in the UK; three restaurants in the US; and a franchise operation with 36 restaurants in 16 countries across Europe, the Middle East and Australasia. Lion acquired Wagamama


in 2005 and has since more than doubled the number of restaurants in its portfolio. Wagamama chief executive


Lion Capital acquired Wagamama in 2005 and has doubled its portfolio


Steve Hill said: “We have enjoyed working with Lion over the past six years. We’ve achieved some great results over this period and fur- ther expanded the brand.


“We are all very excited about the future


and look forward to working with Duke Street, which will see Wagamama through its next stage of growth.”


Marco Pierre White nets Maypole Group sites peTe hAymAn


Award-winning chef Marco Pierre White has acquired all six properties in the Maypole Group portfolio from administrators. Simon Bower and Bruce Mackay of Baker Tilly Restructuring and Recovery were called


ADDreSS Book n ACE +44 (0)1669 631 210


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in as joint administrators of the pub hotel operator last October. Founded in November 2003, the Maypole


Group was intended to be an acquisition vehi- cle for UK countryside hotels with restaurants or pubs attached.


riverfront events venue for liverpool Tom WAlker


A new £40m exhibition and events complex is to be built on the Liverpool waterfront. Te new venue is set to be built by a partner-


ship of Liverpool City Council (LCC) and ACC Liverpool, home to BT Convention Centre and Echo Arena. Te facility, which will be adjacent to ACC Liverpool on the Kings Dock, is due to be completed by September 2014. In its first year of operation, the new water-


front complex is expected to host about 50 events and attract around 250,000 visitors. LCC leader Joe Anderson said: “Tis invest-


ment is a significant milestone in the ongoing renaissance of Liverpool which will benefit everyone in the city for decades to come. “It is a huge statement of confidence in


Liverpool, and will be a boost to hundreds of local businesses. A new state-of-the-art


24 Te venture is a partnership between LCC and ACC


exhibition hall will enhance the excellent waterfront facilities of the Echo Arena and BT Convention Centre.” A skybridge is proposed, which will link the


new complex with the existing facility. A 200- room hotel is also included in the plans.


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Twitter: @leisureopps © CYBERTREK 2011


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