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Who Is Going to Buy Hakkasan Group?

Is Hakkasan Group up for sale?

 

That's the question on everybody's mind after a recent Bloomberg report suggested that Abu Dhabi-based Alliance International Investment is in talks to sell the global restaurant-and-nightclub operator.

 

This comes mere weeks after Los Angeles-based The H.wood Group separated from Hakkasan Group, buying back a significant equity stake and reclaiming global rights to its portfolio of restaurants and nightclubs.

 

The recent shake-up has drawn interest from the Spain-based hospitality company Pacha Group and investment firm Certares, though no final decisions have been made and the talks may not lead to a sale.

 

This would be a big change for Hakkasan Group, who manages some of the biggest nightclubs and beach clubs in Las Vegas, including Omnia, Jewel, 1 OAK, Wet Republic, Bare Pool and, of course, Hakkasan Nightclub.

 

This is not the first news we've heard about a possible sale. Earlier this year, reports indicated that Hakkasan Group was looking to merge with SBE in Los Angeles, though it was later confirmed that negotiations fell through.  

Posted on:7/31/2018 7:00:00 PM
Keywords: Hakkasan Group, Omnia, Hakkasan.

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