Mitchells and Butlers acquires Ego Restaurants
Ego is a Mediterranean inspired pub and restaurant with sites across the UK
Mitchells and Butlers has announced its intention to acquire the remaining 60% stake in Ego Restaurants that it does not already own.
The deal is set to be completed in June and will be done for an undisclosed amount.
Mitchells and Butlers entered a joint venture with the James Horler-led business in August 2018, taking a 40% stake in the company at that time.
Under the joint venture the Mediterranean themed business has doubled in size from 13 to 26 sites.
Horler and his management team will continue to lead the business through its next phase of growth within Mitchells and Butlers.
Phil Urban, Mitchells and Butlers CEO, said: “James and his team have built a strong business, with a strong culture, delivering impressive results. Bringing it under Mitchells and Butlers ownership will give James the firepower to accelerate expansion, and Ego will be a great addition to our portfolio of market-leading brands.”
Horler added: “I am delighted that Mitchels and Butlers will soon add Ego as a brand to its portfolio. The joint venture has been very successful and demonstrates what can be achieved with focused management, great people, real customer engagement and terrific sites. I am excited at the opportunity to open Ego in many more locations across the UK.”
Ego is a Mediterranean inspired pub and restaurant with sites across the UK.
