Hony spend nearly 10 billion won the British pizzeria

Source: Internet
Author: User

Beijing Capital Times (Reporter Hu Xiaohong) Last weekend, Legend Holdings Hony Capital announced that it invested about 900 million pounds (equivalent to about 9.55 billion yuan), a wholly owned British casual dining brand PizzaExpress, which has also become the European restaurant industry in the past five years The largest amount of mergers and acquisitions.

Founded in 1965 in London, United Kingdom, PizzaExpress is a chain of casual Italian restaurants specializing in authentic Italian pizza, renowned for its fresh, healthy, culinary surroundings. There are currently 435 stores in the UK and 70 stores in other parts of the world. Among them, there are 22 stores in Greater China (including Beijing, one in Shanghai, nine in Shanghai and twelve in Hong Kong). All of its stores are currently profitable, with profits of 90 million pounds (about 950 million yuan) last year.

It is understood that the current chain of pizza operators in China has nearly 1,500 stores in size. CEORichardHodgson of PizzaExpress said that Asia, especially the Chinese market, plays a key role in the future development of the company. He believes Hony, which has experience in cross-border investment, can take the company to a new height.

According to report, PizzaExpress in China after the name of PizzaMarzano (immediately promise), from April this year, the global unity changed to PizzaExpress.

Hony Capital, chairman of the board chairman of Legend Holdings Liu Chuanzhi. For the acquisition of the source of funds, Hony Capital, the relevant person in charge of the Beijing Times Times reporter said "temporary confidentiality", but left a suspense said "future disclosure, will be very exciting."

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.