Sale of 18 Bombay Bicycle Club outlets
July 17, 2008
Clapham House Group, the Aim-listed restaurant operator, has sold its Indian food brand Bombay Bicycle Club through leisure specialist Coffer Corporate Leisure. The business, which comprises three restaurants and 15 home delivery kitchens throughout London, was sold to Tiffinbites operator Gourmet Restaurants for £4.4m. Clapham House will use the proceeds from the sale to fund expansion plans for its highly regarded Gourmet Burger Kitchen (GBK) concept. Alongside GBK, which has been expanded to more than 50 locations, Clapham House also operates The Real Greek and Tootsies.