Nando’s to buy burger chain for £30m

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Nando’s to buy burger chain for £30m Friday 17 September 2010 2:40 am More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org The UK arm of chicken restaurant chain Nando’s has confirmed that it has agreed a £30m deal to buy a rival firm.It plans to take over Clapham House Group, the company behind Gourmet Burger Kitchen (GBK) and The Real Greek.Nando’s said that Clapham’s brands were struggling in the volatile market and needed its investment and expertise.There are more than 230 Nando’s restaurants in the UK and Irish Republic while there are 53 GBK branches.Clapham’s board has recommended shareholders accept the offer for the company. “It is expected that conditions in the UK will remain challenging and consumer confidence will remain fragile,” it added saying it believed “significant investment and time” were needed to “re-invigorate Clapham House’s businesses”.Clapham raised £2.2m from issuing extra shares earlier this year, but Nando’s said that while this had allowed a “selective” expansion of GBK, it would have struggled to get the further funding needed “during a time of unpredictability in the UK economy”. John Dunne center_img whatsapp Share whatsapp Show Comments ▼ Tags: NULLlast_img