Famous Brands relishes the takeover of Gourmet Burger Kitchen chain

The Gourmet Burger Kitchen has a new owner

Famous Brands said its acquisition of the restaurant group was the “biggest deal the group has ever concluded”.

In a statement, the company said: “The low interest environment in the UK is supportive of continued consumer spend, while the impact of fears of Brexit on this sector appear negligible – endorsed by a recent survey which confirms that despite the generally subdued economy, household spend in the Eating Out category is up 4 per cent year on year in June 2016.”

GBK had been owned by Nando’s owner Capricorn Ventures, another South African vehicle.

Kevin Hedderwick, Famous Brands’ strategic adviser, said the group will continue to expand in the UK, opening 10 to 15 restaurants a year, and also look to export the brand to South Africa.

“GBK has substantial store growth potential in the UK, with a secure, current pipeline of sites in place. Furthermore, there is opportunity to export the brand to South Africa,” he said.

GBK, which was founded in Battersea in 2001, currently operates 75 restaurants across the UK.

Famous Brands said there will be no changes to personnel, with the transition in ownership expected to be implemented “seamlessly”, the company said.

In 2001, three entrepreneurs, including the chef Peter Gordon, set up the first Gourmet Burger Kitchen in Battersea, South London. The chain now has more than 70 restaurants across the UK, including restaurants in Beverley and York.