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Bouji restaurant group Hakkasan sold to hospitality giant Tao
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The famously bouji restaurant group Hakkasan has been bought by international hospitality giant Tao Group for an undisclosed sum.
First opened in Fitzrovia in 2001 by Wagamama founder Alan Yao, Hakkasan soon became synonymous with London’s high end, high price dining scene, frequented by celebrities and oligarchs, with an encampment of paparazzi often waiting outside.
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Bouji restaurant group Hakkasan sold to hospitality giant Tao
Tao Group owns more than 60 restaurants across the world, with a presence in New York, Las Vegas, Sydney, Singapore, Chicago and Los Angeles. These include a string of self-branded restaurants and nightclubs, as well as brands including Marquee, Beauty & Essex, and Italian concept LAVO. Beauty & Essex is often cited as one of the most lucrative restaurants in New York.