Yo! Sushi owner sold to Japanese food giant in US$621m deal ...Middle East

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LONDON: In Britain, the business behind restaurant chain Yo! Sushi has been bought by one of Japan’s biggest food companies in a deal worth almost half a billion pounds, reported PA Media/dpa.Mayfair Equity Partners said it sold its stake in Snowfox Group to Zensho Holdings for US$621 million.The deal sees the Japanese giant gain a company that owns several brands in the UK, the US, and Canada.In the UK, it runs Yo! Sushi, which has more than 100 outlets in the country, as well as Taiko, which produces Japanese food to go for British supermarkets.In the US, the company founded the Snowfox chain of sushi kiosks in 2005 and has grown that to more than 1,000 sites in grocery stores, wholesalers

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Last updated : 14 June 2023 clock 05:12 AM

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