Restaurant News
bigtablegroup.com
The Big Table Group Announces Acquisition of Pan-Asian Restaurant Brand Banana Tree
The Big Table Group, the operator of Las Iguanas, Bella Italia and Café Rouge, has announced the acquisition of the fast-casual Pan-Asian chain, Banana Tree, adding a new cuisine flavour to its family of restaurant brands.
Founded over 30 years ago by William Chow, Banana Tree is famous for its authentic, exotic and delicious street-food inspired dishes, with flavours from Thailand, Singapore, Vietnam, Malaysia and Indonesia. The business started as a single site in Maida Vale, London and currently operates in nine high-footfall locations in the South East – across London as well as prime sites in Chelmsford, Milton Keynes and Oxford.
The Banana Tree’s Pan-Asian proposition adds a key culinary category to The Big Table Group’s existing portfolio of restaurant brands, and is a complimentary extension aligned with key consumer trends including flavourful, fresh and convenient food, at an affordable price point and with favourable sustainability credentials – with 40% of its menu being plant-based.
Anne Chow will continue to lead the brand as Managing Director, reporting to The Big Table Group’s Chief
20 October 2022
www.venue-insight.com
Executive Officer, Alan Morgan. William Chow, an architect by training, will return to his original passion and work on the design of new Banana Trees with The Big Table Group team.
Commenting on the acquisition, Alan Morgan, Chief Executive Officer, The Big Table Group, said: “We are delighted to be welcoming the Banana Tree team to The Big Table Group. Creating, growing and acquiring high-quality, complimentary brands with widespread consumer appeal is a key part of our growth strategy and therefore Banana Tree is an excellent addition to the business.
“Anne and William have built a brand with an extremely loyal following, superb food and guest scores, plus excellent financial metrics, and we see great opportunities to grow the business, taking it into new towns and cities around the UK.”
Anne Chow, newly appointed Managing Director, Banana Tree, said: “We are very excited about this new chapter with The Big Table Group, and look forward to working with our new colleagues and bring our beloved brand to new customers across the UK. We also would like to thank Will Baxter and Payam Keyghobadi of DSW Corporate Finance who have gone above and beyond in their advisory role on this transaction.”
Last year, The Big Table Group – which is backed by leading private equity group Epiris – announced plans to open 50 new restaurants and refurbish 70 existing sites over the next three years, investing £35m in new openings alone. The investment programme will take the group to 200 restaurants across the UK, while the company intends to invest a further £19m to refurbish its restaurants.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
