Thursday, January 10, 2008

Alan Yau Sells Yauatcha and Hakkasan

Wagamama, Alan Yau! That’s a lot of Dim Sum!
by Chris Osburn
Londonist
January 10, 2008

The Financial Times has reported that Wagamama founder
Alan Yau has sold Hakkasan and Yauatcha, his two Michelin-starred Chinese restaurants, to the Abu Dhabi Investment Authority for £30 million! According to the FT, Yau will retain a minority stake in the two restaurants, which seem to take turns representing London among the world’s most highly ranked restaurants.

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here for complete post.

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Yau sells top London restaurants
Gwen Robinson
FT Alphaville
Thursday January 10th, 2008

Yau who sold out of Wagamama in the late 1990s, sold Hakkasan and Yauatcha to Tasameem, a property arm of the Abu Dhabi Investment Authority. It is understood that Mr Yau will keep a minority stake in the business ...

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