Tesco has announced its intention to sell its Giraffe restaurant chain to Boparan Restaurants Holdings Limited.
Boparan Holdings is the holding company for 2 Sisters Food Group, owned by Ranjit Singh Boparan, which is one of the UK’s leading manufacturers in the poultry and red meat categories, as well as chilled and frozen food categories.
The sale of Giraffe includes 54 standalone restaurants, of which 12 are franchise sites, and three restaurants within Tesco stores.
Dave Lewis, Tesco chief executive, commented: “As we stabilise the business in the UK, we continue to focus on where we can best serve the needs of our customers, while ensuring our business remains sustainable for the long-term.
“Giraffe is a much loved brand, and while casual dining remains an important part of the shopping trip for many of our customers, we will continue to meet these needs through our Tesco Cafés and other providers. I'd like to thank colleagues from Giraffe for all their hard work in serving our customers and we look forward to seeing it develop in the future.”
This story was originally published on a previous version of the Meat Management website and so there may be some missing images and formatting issues.
