LONDON: British restaurant operator Gondola Group has agreed to sell its Pizza-Express chain to a Chinese private equity company for £900 mil (US$1.53bil). Gondola said it would sell the fast-food chain, which has 436 outlets in Britain and 68 around the world, to Hony Capital in what it called the largest deal in the European restaurant sector in the past five years.
Hony chief executive John Zhao said his company was “delighted to have acquired Pizza-Express, a well-established and exciting brand.
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