Buys

Ranjit Singh Boparan buys Gourmet Burger Kitchen in rescue deal

Gourmet Burger Kitchen has been bought out of administration by the food industry tycoon Ranjit Singh Boparan in a deal that will save more than 660 jobs.



a sign hanging off the side of a building: Photograph: Maureen McLean/REX/Shutterstock


© Provided by The Guardian
Photograph: Maureen McLean/REX/Shutterstock

Boparan, who bought Carluccio’s in May, has bought 35 of the burger restaurant’s sites. However, under the pre-pack administration deal, 26 other sites will close, with the loss of 362 jobs.

The burger chain, which was owned by the South African company Famous Brands, which also owns Wimpy in the UK, was put on the market as it struggled amid the pandemic and high street lockdown.

But Gourmet Burger Kitchen has been in difficulties since a restructuring deal with landlords in 2018 under which it agreed to close up to 17 sites after the casual dining market became oversaturated.

Gavin Maher, a partner at Deloitte who was appointed joint administrator on Wednesday, said: “The broader challenges facing ‘bricks and mortar’ operators, combined with the effect of the lockdown, resulted in a deterioration in financial performance and a material funding requirement.

“We have been working closely with the management team under very difficult market conditions to try and find a funding solution, and I am glad to be able to announce the rescue of this well-loved brand together with a large proportion of the sites and workforce. However, it’s clearly disappointing that a number of sites have had to close resulting in today’s redundancies.”



a sign hanging off the side of a building: A Gourmet Burger Kitchen restaurant in Bracknell.


© Photograph: Maureen McLean/REX/Shutterstock
A Gourmet Burger Kitchen restaurant in Bracknell.

Labelled the “chicken king” as he is the co-owner and founder of 2 Sisters Food Group, which supplies about a third of the chicken on UK supermarket shelves, Boparan’s business interests includes turkey producer Bernard Matthews, the upmarket London restaurant The Cinnamon Club restaurant, as well as the Giraffe and Ed’s

Ranjit Singh Boparan buys Gourmet Burger Kitchen in rescue deal | Business

Gourmet Burger Kitchen has been bought out of administration by the food industry tycoon Ranjit Singh Boparan in a deal that will save more than 660 jobs.

Boparan, who bought Carluccio’s in May, has bought 35 of the burger restaurant’s sites. However, under the pre-pack administration deal, 26 other sites will close, with the loss of 362 jobs.

The burger chain, which was owned by the South African company Famous Brands, which also owns Wimpy in the UK, was put on the market as it struggled amid the pandemic and high street lockdown.

But Gourmet Burger Kitchen has been in difficulties since a restructuring deal with landlords in 2018 under which it agreed to close up to 17 sites after the casual dining market became oversaturated.

Gavin Maher, a partner at Deloitte who was appointed joint administrator on Wednesday, said: “The broader challenges facing ‘bricks and mortar’ operators, combined with the effect of the lockdown, resulted in a deterioration in financial performance and a material funding requirement.

“We have been working closely with the management team under very difficult market conditions to try and find a funding solution, and I am glad to be able to announce the rescue of this well-loved brand together with a large proportion of the sites and workforce. However, it’s clearly disappointing that a number of sites have had to close resulting in today’s redundancies.”

Labelled the “chicken king” as he is the co-owner and founder of 2 Sisters Food Group, which supplies about a third of the chicken on UK supermarket shelves, Boparan’s business interests includes turkey producer Bernard Matthews, the upmarket London restaurant The Cinnamon Club restaurant, as well as the Giraffe and Ed’s Easy Diner chains.

Satnam Leihal, the managing director of Boparan Restaurant Group, said: “This latest acquisition is in line

Oakland land trust buys house where homeless moms evicted

SAN FRANCISCO (AP) — Homeless moms who were evicted earlier this year from a vacant San Francisco Bay Area house they occupied say a community land trust has purchased the property and will turn it into transitional housing for other mothers experiencing homelessness.

Members of the activist group, Moms 4 Housing, announced Friday that the three-bedroom home in West Oakland was purchased by the Oakland Community Land Trust from a real estate investment company. The property requires extensive renovation for habitation, the group said.

The land trust purchased the property for $587,500 and closed in May, but the pandemic and planning for repairs delayed a public celebration . The land trust is a nonprofit organization that holds property for the benefit of low-income residents.

Steve King, executive director of the trust, says the house requires extensive repairs, including a new roof and windows. He said his group will work with Moms 4 Housing to figure out a transitional housing program for the property. Money to buy and refurbish the house came from donations and does not include city money, he said.


“We’re excited to be part of it and definitely excited to get the rehab started and finished so the house can be used,” he said.

The group caused a national sensation last year when the moms and their children moved into the empty house in November, partly to protest the methods of speculators who they claim snap up distressed homes and leave them empty despite California’s severe housing shortage and growing numbers of homeless people. They said mothers and children should not be homeless when housing is available.

They were evicted at dawn in January, surrounded by supporters on watch. Video showed one deputy slamming a battering ram against the house’s front door.

The group received widespread support, including

Televisa Studios’ Patricio Wills buys house in Miami for $7M

Televisa Studios President Patricio Wills and his wife Adriana Santos bought a waterfront house for $7 million in Miami’s MiMo District.

Televisa Studios President Patricio Wills and his wife Adriana Santos bought a waterfront house for $7 million in Miami’s MiMo District.

Proof that the Upper East Side is hot: Televisa Studios President Patricio Wills and his wife Adriana Santos have bought a bayfront house for $7 million in Miami’s MiMo District.

The former executive producer of Telemundo’s “La Reina del Sur” and Santos completed the purchase of the two-story house at 7311 Belle Meade on Belle Meade Island last week, according to a press release. The 6,208-square-foot house has seven bedrooms, six bathrooms, two half bathrooms, a pool and a dock.

Douglas Elliman Realtors Ivonn and Richard Goihman represented Wills. Compass Realtor Mathieu Rochette represented the seller, Pascal Nicolai, founder and CEO of Sabal Development. Nicolai listed the house for $7.495 million in October 2019.

Nicolai acquired the the property for $1.74 million in 2013 and completed construction in 2018. TOGU Architecture and Sabal Development designed the house.

Goihman and Rochette declined to comment due to non-disclosure agreements.

The house sold at 29% higher than the most comparable listing. Wills and Santos spent about $1,127 per square foot. A 8,573-square-foot waterfront home at 1201 NE 83rd St. is listed for sale at $6.9 million, or about $805 per square foot.

Wills joined Televisa, based in Mexico, in early 2018. He created Televisa’s telenovela production studio, Televisa Studios, and is behind “Cuna de lobos” and “La Usurpadora,” according to Variety.

Rebecca San Juan writes about the real estate industry, covering news about industrial, commercial, office projects, construction contracts and the intersection of real estate and law for industry professionals. She studied at Mount Holyoke College and is proud to be reporting on her hometown.
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Bethenny Frankel Buys a Lot of Home Decor, but These Affordable Stores Are Her Faves

Bethenny Frankel has never listened to a podcast before, so, naturally, she decided to launch one of her own. “Everyone said I should listen to other ones, but I don’t want to have a preconceived notion of what successful people are doing and end up with something similar,” she says of her new venture, Just B With Bethenny Frankel. “I don’t like anything derivative.” 

Out now, Just B features interviews with notable figures like Mark Cuban, Bozoma Saint John, Maria Shriver, and Paris Hilton, mixed with the biting humor fans loved from Frankel’s eight-year tenure on The Real Housewives of New York. “This podcast is all me,” she says. “There’s no filler, no foreplay—we get right to the act.”

Her M.O. is untraditional for some of her splashy guests, who are used to knowing what they’re getting into ahead of time. “No one gets the questions in advance,” she says. “I don’t want anything canned. I’m not plowing through questions that are easy to answer—we’re having a conversation. I want to know what dating is like, if you’re lonely, if you feel like your age matters, what work ethic means to you, what it’s like to raise a rich child when you came from nothing…they’re not typical questions.” 

Unsurprisingly, Frankel’s style is working: “People are revealing things for the first time. I’m hearing things I’ve never heard Mark Cuban, Andy Cohen, or Paris Hilton say out loud.” Frankel hopes Just B inspires listeners to apply the wisdom and lessons learned to their own lives. 

And if there’s anything we’ve come to learn about Frankel as a philanthropist, entrepreneur, author, and producer, it’s that she doesn’t do anything half-assed. “One high-profile guest told me it was the best interview they’ve ever done,” she says.

Frankel took a break between