,UK

Amidst £750m float talks, Yo Sushi parent kicks off talks with potential buyers: report

The dual-track process is seen as a turnaround in the chain’s performance.

The owner of the YO! Sushi restaurant chain kicking off talks with prospective buyers following a string of takeover approaches.

Sky News reported that Snowfox Group and its shareholders have asked advisers to canvas interest from bidders.

The process comes as Mayfair Equity Partners, the company's majority shareholder, continues to explore the possibility of an initial public offering (IPO) for Snowfox this year, which could value the company at approximately £750 million.

Read the full report here.

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The shop will help the chain build brand awareness as the company looks to grow its restaurant footprint.
It will have seating for 46 diners along with ‘grab and go’ options.
The location aims to showcase ‘takeaway classics' that founder Julian Denis and chef Harry Fox grew up with.
The chicken brand was created with British YouTube group The Sidemen.
Digital continues to be the main driver of the business, the company said.
The concept is the brainchild of Dayashankar Sharma, the executive chef behind fine-dining Indian restaurant Heritage Dulwich.
Revenues at the restaurants it has opened this year are “far more” than the chain had expected.
It joins a growing number of food companies that have announced global commitments to eliminate the use of cages in their egg supply chains.
The chain also appointed two more companies in the UK as part of its roster of franchisees.
It also has to open an additional 10 stores over the next two years.
The item was launched by the high street group in 2019 and helped to serve up a significant sales boost in the same year.
53% of consumers are actively counting calories or checking sugar content.