{"id":2178,"date":"2023-04-23T17:04:48","date_gmt":"2023-04-23T10:04:48","guid":{"rendered":"https:\/\/ficocorporation.com\/?p=2178"},"modified":"2023-05-26T15:31:33","modified_gmt":"2023-05-26T08:31:33","slug":"italian-restaurant-chain-vapiano-saved-by-new-leisure-group-that-includes-newcastle-family-firm","status":"publish","type":"post","link":"https:\/\/www.ficocorporation.com\/th\/italian-restaurant-chain-vapiano-saved-by-new-leisure-group-that-includes-newcastle-family-firm\/","title":{"rendered":"Italian restaurant chain Vapiano saved by new leisure group that includes Newcastle family firm"},"content":{"rendered":"<p>A North East leisure company is part of a new group formed to save a chain of restaurants.<\/p>\n<p>The Italian fast-casual chain Vapiano went into receivership in April and advisors from Duff and Phelps were officially appointed as administrators earlier this month.<\/p>\n<p>The restaurant group\u2019s director Mario Bauer acquired the global Vapiano brand and franchising rights, along with a number of restaurants in Germany, France, Luxembourg and Australia.<\/p>\n<p>Soon afterwards, a joint venture of investors and a newly-formed enterprise called Savour Group \u2013 made up of representatives from a trio of investing families, including Naveen Handa of the Newcastle- based Cairn Group \u2013 made a successful bid for the UK business.<\/p>\n<p id=\"amp-readmore-target\">Vapiano has restaurants in Edinburgh, London and Manchester but the partnership could lead to more openings in other cities.<\/p>\n<p>The Vapiano investors have set up a partnership with Savour Group, which has been founded by three family offices.<\/p>\n<div id=\"perform-placeholder\" class=\"placeholder\" style=\"background: rgba(0, 0, 0, 0); border: 0px; font-size: 16px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; caret-color: #141414; color: #141414; font-family: 'Open Sans', sans-serif; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;\" data-config=\"{&quot;name&quot;:&quot;perform-placeholder&quot;,&quot;componentType&quot;:&quot;placeholder&quot;,&quot;referenceNode&quot;:&quot;.article-body &gt; p:nth-of-type(6)&quot;,&quot;type&quot;:&quot;performPlaceholder&quot;,&quot;relativePos&quot;:&quot;after&quot;}\" data-placeholder-placeholder=\"\" data-response-start=\"3462\" data-type=\"placeholder\"><\/div>\n<p>These include the London- based Dominvs Group, which has firms focused on the hospitality, residential and commercial real estate sectors, and Naveen Handa who is a director at Cairn Group, which owns and operates more than 30 hotels including The Royal Station Hotel in Newcastle.<\/p>\n<p>The third member of the Savour Group is Krit Srichawla, CEO of Fico Group, a leading company in the food and hospitality sector.<\/p>","protected":false},"excerpt":{"rendered":"<p>A North East leisure company is part of a new group formed to save a chain of restaurants. The Italian fast-casual chain Vapiano went into receivership in April and advisors [&hellip;]<\/p>\n","protected":false},"author":233332827,"featured_media":2180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1400],"tags":[],"class_list":["post-2178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.ficocorporation.com\/wp-content\/uploads\/2023\/04\/0_CFR_NJL_240720cairn_01JPG.jpg.webp","_links":{"self":[{"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/posts\/2178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/users\/233332827"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/comments?post=2178"}],"version-history":[{"count":2,"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/posts\/2178\/revisions"}],"predecessor-version":[{"id":2181,"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/posts\/2178\/revisions\/2181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/media\/2180"}],"wp:attachment":[{"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/media?parent=2178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/categories?post=2178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ficocorporation.com\/th\/wp-json\/wp\/v2\/tags?post=2178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}