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Scottish catering and hospitality news in Scotland
Catering in Scotland magazine is published bi-monthly with in-depth features, views and news for the Scottish catering, hospitality and tourism industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.
Thursday, March 31, 2005
Harlequin Leisure Group changes hands in 8 million pound deal
Glasgow-based Harlequin Leisure Group, Europe's largest chain of Indian restaurants, has today changed hands in an 8 million pound deal. The agreement sees Charan Gill, MBE, hand over the ownership of the group to long-term business associate and entrepreneur, Sanjay Majhu:'I made a decision some time ago that the time was approaching for me to pass on the business to a new owner,' said Charan. 'Over recent years, I've concentrated on assembling a very professional and able team, and Sanjay has been a key part of that team for some time.
'All things have to evolve and if they don't evolve, they will die. We all need fresh ideas from time to time and the input of young blood. That's what this handover is all about ??? taking Harlequin to its next phase of success.'
Comprising 16 restaurants employing 350 staff and generating an annual turnover of 12 million pound, Harlequin Leisure Group is now gearing up for a period of rapid expansion under its new owner.
The last eight years has seen Harlequin's turnover grow considerably through the development of the Ashoka Shak brand together with a strong rental income stream from its franchise partners.
