Hall named as Yo Sushi chief May 6, 2014 YO SUSHI appointed former Mitchells and Butlers director Vanessa Hall as chief executive yesterday after revealing a 15 per cent rise in full-year earnings to £9.2m. Hall joined the Japanese chain in September as chief operating officer and will replace Robin Rowland, who will take over as executive chairman after 14 years at the helm. [...]
Yo! Sushi ready to roll with £120m price tag ahead of sale March 24, 2014 YO! SUSHI’S private equity backers are set to raise the for-sale sign over the firm this autumn with a £120m price tag. The purveyor of colourful plates of salmon nigiri and avocado maki is due to be put on the block in September by its global parent Quilvest Partners, which took over Yo! in 2008 [...]
Yo Sushi to expand in London March 13, 2014 Japanese restaurant chain Yo Sushi is poised to open five new sites in London this year after ten years of expansion outside the capital in cities such as Manchester and Leeds. The group, which currently has 62 UK restaurants including 24 in London, said yesterday it has bought sites in travel hubs and locations with [...]
YO! Sushi owner gets taste for Byron burgers June 9, 2013 THE OWNER of high street restaurant YO! Sushi has emerged as a potential suitor to snap up hamburger chain Byron after submitting a bid for the company, it is thought. Quilvest, which bought the Japanese restaurant in 2008 and also owns Mexican grill restaurant Tortilla, is in the running alongside Searchlight Capital Partners to take [...]
COCKTAILS AT DAWN AS MAHIKI BRINGS POLYNESIAN FUN TO DUBAI December 19, 2011 IT WAS strictly guest-list only at last night’s opening party for Mahiki Dubai. “We are expecting 500-plus and queues out of the door,” said a spokesperson for the club, which opens to the public today in the basement of the Jumeirah Beach Hotel. The Jumeirah is a venue “completely given over to the pleasures of [...]
M&A to dine out next year December 11, 2011 BRITAIN’S restaurants and bars sector is expected to enjoy a resurgence in mergers and acquisitions next year, thanks to a pick-up in private equity demand, a report by the accountancy firm BDO has revealed. While sales across the industry are predicted to remain subdued, top high street chains such as Yo! Sushi, Pizza Express and [...]
YO! Sushi tastes success despite big debt costs September 1, 2011 RESTAURANT chain YO! Sushi has increased sales by a fifth after opening more UK stores and increasing its income from foreign franchises. The firm’s parent company, Sushi Holdings 1, hit sales of £50.31m, up from £41.7m, for the year to 28 November, after increasing its number of branches in the UK by 10 to 54 [...]
A right Royal WEDDING April 20, 2011 We at City A.M. can be a cynical bunch. We confess there have been moments in the run-up to the royal wedding on 29 April that have made us roll our eyes, such as T Mobile’s yawnsome wedding spoof video and the release of the awful-looking William & Kate: The Movie. Others, though, have raised [...]
CITY MOVES | WHO’S SWITCHING JOBS August 19, 2010 Permira The European private equity company has appointed Wulf Bernotat, the former chief executive of energy giant E.ON, as a senior adviser. Bernotat is one of Germany’s most experienced businessmen and retired from his position at E.ON in April this year. He is also a member of the supervisory boards at Metro, Allianz, Deutsche Telekom [...]
YO! Sushi owner raises its turnover December 17, 2009 Quilvest, the private equity firm behind the buyout of Japanese restaurant company YO! Sushi, more than doubled its turnover last year. The UK arm of Quilvest, which is headquartered in Luxembourg, generated revenues of £1.2m – up from £503,000 in 2007. However, accounts filed at Companies House show Quilvest UK turned a profit of just [...]