Indian restaurant group with 400 jobs savedJanuary 19th, 2009 - 9:53 pm ICT by IANS
London, Jan 19 (IANS) A popular Indian restaurant group that supplied curries to London’s financial district has been rescued from bankruptcy, saving up to 400 jobs, it was announced Monday.Gourmet Restaurants, which owns the popular Tiffinbites chain and last year purchased the Bombay Bicycle Club and Vama restaurants, was rescued from collapsing into administration (similar to bankruptcy) by investment vehicle V8 Gourmet, administrators Chantrey Vellacott DFK said.
“It is regrettable that there may be losses by creditors, however the businesses and the livelihoods of over 400 employees have been safe guarded,” the administrators said in a statement.
V8 Gourmet chairman Anoup Treon confirmed that the businesses will continue all its existing operations.
Vama founders Arjun and Andy Varma accepted an offer to join the V8 Gourmet management but Jamal Hirani, the Indian-origin man who founded the Gourmet Restaurants chain, was said to have quit.
“V8 Gourmet will look to exploit its well established brands by pursuing expansion opportunities in the UK and overseas. Despite the downturn in the economy, the management expects the performance of the businesses to be satisfactory,” Chantrey Vellacott DFK said.
Hirani, who came to Britain from Uganda at the age of eight, set up Gourmet Restaurants in 2003 after being inspired by his mother who made traditional Indian snacks for catering outlets.
He founded Tiffinbites in the same year - borrowing the concept from Mumbai dabbawalas - and developed it into what was later described as the City’s favourite Indian restaurant chain.
In addition to selling food at four restaurants and seven takeaways, it catered to 250,000 City workers.
In 2008, Hirani bought the Bombay Bicycle Club, said to be celebrity British chef Gordon Ramsey’s favourite Indian restaurant, and Vama.
- London's favourite Indian food chain on brink of administration: report - Jan 16, 2009
- Shilpa Shetty's restaurant chain in UK sued for six million pounds - Oct 12, 2009
- Gourmet now Britain's largest Indian restaurant group - Jul 18, 2008
- Shilpa Shetty buys stake in Gourmet Group - Aug 27, 2009
- Shilpa to launch readymade meal chain in Britain - Aug 26, 2009
- Shilpa's restaurant group faces 6 mn pound lawsuit: Report - Oct 13, 2009
- Destination India could be next for Michelin guides (Eating Out With IANS) - Dec 12, 2010
- US commerce secretary to take lessons from Mumbai's Dabbawalas - Feb 04, 2011
- Beso Files For Bankruptcy Against Eva Longoria's Las Vegas Branch - Jan 08, 2011
- Wine and dine al fresco in capital weather - Jan 28, 2012
- Pakistani kebabs, biryanis cook up feast at IITF - Nov 18, 2011
- A window to Nigerian delicacies in Indian capital (With Images) - Aug 05, 2011
- Curry in the land of the British queen (Feature) (With Images) - Sep 08, 2009
- Indian cuisine a hit with foodies Down Under - Jun 20, 2010
- India, and its art of spices - Jun 20, 2011
Tags: arjun, bombay bicycle club, chef gordon ramsey, creditors, dfk, downturn, expansion opportunities, founders, gourmet restaurants, indian origin, indian snacks, investment vehicle, jamal, jan 19, livelihoods, london jan, restaurant group, takeaways, tiffinbites, vama