Restaurant chain Ootoya Holdings, a target of a hostile bid by its largest shareholder, Colowide Co, said on Friday it had allied with online grocery delivery company Oisix Ra Daichi Inc. Ootoya and Oisix Ra Daichi, a...
Fatburger owner to buy Johnny Rockets burger chain
Fatburger owner Fat Brands Inc said on Thursday it would buy 1950s diner-style chain Johnny Rockets from private equity firm Sun Capital Partners Inc for about $25 million. The deal comes as fast-food restaurants see a...
Ginger Hotels in talks to sell four hotels in sale and lease back arrangements
IHCL subsidiary Roots Corporation’s Ginger Hotels is in talks for sale and lease back arrangements for four hotels in markets such as Bengaluru, Goa, and Agartala as part of its asset monetisation strategy, people...
Indian Hotels Company announces 100% acquisition of Sea Rock hotel site
The Indian Hotels Company (IHCL) said on Tuesday it had signed a binding agreement for the acquisition of the balance 14.28% equity interest in ELEL Hotels and Investments Limited (ELEL) from the Nanda family, which...
IHCL inks pact to acquire balance 14.28% stake in ELEL
Hospitality major Indian Hotels Company on Tuesday said it has inked pact to acquire the remaining 14.28% stake in ELEL Hotels and Investment from the Nanda family. The deal will make the company a 100% leasehold owner...
Radisson Hotel Group partners with EazyDiner for table booking & home delivery services
Radisson Hotel Group South Asia announced on Thursday that it has partnered with table reservation and food discovery platform EazyDiner and that the partnership is a step towards strengthening the chain’s food...
Japan’s Ootoya says to formally oppose Colowide’s takeover bid
Restaurant chain Ootoya Holdings said it would oppose a takeover offer from its top shareholder, Colowide Co, turning the bid into the Japan’s latest hostile deal. In an emailed statement, Ootoya said it would announce...
After sealing a deal with Swiggy, ITC Hotels announces food partnership with Zomato
After announcing its partnership with Swiggy in May, ITC Hotels said on Monday it was partnering with Zomato to offer customers dining experiences in the comfort of their home. The hotel chain said Zomato, as an online...
Chilean investment firm to buy 50% stake in South Africa’s Sun International
Chile’s Nueva Inversiones Pacifico Sur (IPS) has made a proposal to Sun International to buy 50.1% of the South African hotel and casino operator for 22 rand ($1.27) a share, it said on Wednesday. The proposed offer...
Brazilian restaurant operator IMC considers share offering: filing
Brazilian restaurant operator International Meal Company Alimentacao SA is considering a share offering to raise money, according to a securities filing. The company, known as IMC, said it has hired investment banking...
Thai hotelier Minor plans $782 million funding in pandemic-hit market
Thailand’s Minor International Pcl, which operates brands such as Marriott and Four Seasons, plans to raise a total of 25 billion baht ($782.5 million) through perpetual bonds, a rights issue and 3-year warrants...
Lone Star succeeds in $1.9-billion buyout of Japan hotel chain Unizo
U.S. buyout fund Lone Star has struck a $1.9-billion deal for hotel chain Unizo Holdings Co Ltd, the Japanese firm said on Friday, ending a nine-month bidding war among global investors such as Blackstone Group and...
