Mon, 05 Aug 2013 | BUSINESS SALE
Roadside restaurant chain Little Chef has been purchased by Kout Food Group, the Kuwait-based owner of several Burger King and KFC outlets.
The business has changed hands for around £15 million, and the new owners will retain the brand, over 1,000 jobs and all but two of the restaurants.
Kout Food Group already owns over 40 Burger King and KFC outlets and the Maison Blanc brand in the UK, and owns franchises for Burger King, Pizza Hut, Taco Bell and Applebee’s in Kuwait.
Kout “has exciting plans to revitalise the Little Chef brand,” Fadwa al-Homaizi, the chairwoman of Kout’s UK operations told the BBC.
“Little Chef will benefit from a process of brand renewal in keeping with current trends, supported by traditional British values,” she said.
Starting out with an 11-cover restaurant in Reading in 1958, the “Fat Charlie” mascot of the restaurant has been a familiar sight on Britain’s A-roads and motorways since then, serving over 6 million customers each year.
RCapital made several changes to Little Chef since acquiring it following a spell in administration in 2007. Its outlets were cut from 234 to 83 and staff reduced from 4,000 to 1,100.
The turnaround firm is keeping two of Little Chef’s largest sites, located on either side of the A34 in Sutton Scotney, Hampshire.
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