Tesco gobbles up restaurant chain
Published at 16:29, Thursday, 14 March 2013
SUPERMARKET giant Tesco is to buy the Giraffe child-friendly restaurant chain for up to £50m in a move that will see it open the eateries across its stores.
The deal will net a hefty windfall for Giraffe founders Juliette and Russel Joffe and Andrew Jacobs, who together with other management and long-standing investors will sell their combined stake of around 54 per cent.
Tesco is hoping the acquisition of the 47-strong business will reinvigorate its UK arm, which has been battling to shore up flagging sales.
Published by http://www.nwemail.co.uk
Editor's picks
- Cumbria's superfast broadband delayed by EU red tape again
- Pirelli factory death probe ordered tougher safety measures
- Dangerous machines among H&S offences in Carlisle area
- Slurry lagoons and asthma causing chemicals among Eden safety issues
- Factory heat could be used to warm 30,000 Cumbrian homes
- Businesses urged to get behind university's new business school
- Cumbria sets up links with Chinese university
- Patchy broadband damaging rural businesses (4 comments)
- £4m fund launched to help Cumbrian firms
- City predicts parts of Stobart Group will be sold
More news
- £100m turnover in sight for Cumbrian recruitment firm
- Struggling M&S failing to impress Carlisle shoppers (2 comments)
- Give small shops rate relief like charities, says Cumbrian MP
- Cumbrian success in Visit England awards
- Profits plunge for West Coast Mainline bidder FirstGroup
- Empty Hoopers store in Carlisle poised for £1m sale
- Rail workers threaten ballot over ‘skimpy’ Virgin Trains uniforms
Tweets from @nickincumbria/cumbrian-businesses
Vote
Hot jobs
New vacancies
Useful links
BBC News business headlines
in-cumbria features
Investment to increase capacity at Carlisle’s Lanes shopping centre is on the cards following a change of ownership. 
What brought one of the most advanced performance management systems to Cumbria?
Cumbria business women make waves on the west coast - Empty Hoopers store in Carlisle poised for £1m sale
- Rail workers threaten ballot over ‘skimpy’ Virgin Trains uniforms
- Cumbrian firms missing the boat over apprentices
- Stobart Group boss hopes for flights from Carlisle next summer
- Carlisle's new aparthotel could open by Christmas
- Cumbria LEP seeks commission members
- Profits down at Jennings Brothers owner
- Workington store closing (1 comment)
- Fish factory axes 40 jobs after loss of key contract (1 comment)
- Don’t smash your caravan - sell to me!
- Tributes paid to teenager who died suddenly in hospital
- Former Hoopers shop in Carlisle sold at auction
- Cumbria crusade against metal theft continues
- Tour of Britain: Cumbrian route details revealed
- Two guilty of murdering man outside his Carlisle home
- Whitehaven Musical Festival
- 100s of women walk to remember in Barrow and Ulverston (3 comments)
- Copeland MP Jamie Reed calls for hospitals crisis summit
- Carlisle driver crashed car on way to hospital
- Cumbrian farmers have to pay for disposal of livestock killed in snow
