The deal sees Calveton and Breal, which also owns TGI Fridays, take on five restaurants predominately located in London’s West End. They include the historic Maxwell’s Bar & Grill, Boulevard Brasserie and Palm Court Brasserie in Covent Garden, PJ’s (Polo Joe’s) in Chelsea, and Old Compton Brasserie in Soho.
“We are thrilled to welcome the London Brasseries family into our hospitality portfolio,” says Simon Wilkinson, speaking on behalf of Breal Capital and Calveton.
“We look forward to working with and supporting the entire team, ably led by managing director David Solomon. We remain committed to supporting great restaurants, which continue to resonate with our consumers in London.”
London Brasseries previously operated as Maxwell’s, which was originally established by Guards Polo Club chairman Brian Stein in 1972.
In December 2020 the group fell into liquidation due to the impact of pandemic restrictions, which led to a restructuring of the business and the closure of some sites in its portfolio including Tropicana Beach Club and Café de Paris.
The group subsequently re-established itself as London Brasseries.