SBE-Hakkasan merger falls through but owner still in sale talks
The owner of Hakkasan Group, Abu Dhabi investment company Alliance International Investment, is still in talks to sell the business.
That is according to Bloomberg, which reports that the group's merger talks with US-based hospitality company SBE Entertainment Group fell through earlier this year. The report quotes sources "with knowledge of the matter" as saying companies including Spanish nightclub brand Pacha Group and investment firm Certares have expressed interest in an acquisition.
However, no final decisions have been made and the talks may not lead to a sale.
Hakkasan Group, which takes its name from the Michelin-starred restaurant in London's Bloomsbury (pictured), has sites across North America, Europe, Middle East, Asia and Africa, including 11 Hakkasan restaurants.
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