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Luke Johnson’s next growth investment?

By James Russell: Luke Johnson’s next growth investment?

May 9, 2013

The Sunday Times reports that Luke Johnson’s Risk Capital investment organisation is in talks to take a share in Red Hot World Buffet.

Johnson is the former chairman of Pizza Express who recently sold his stake in Giraffe for a substantial profit when Tesco acquired the restaurant chain.

Red Hot World Buffet was founded in 2004 by Helen and Parmjit Dhaliwal, and now has 7 outlets in Cardiff, Leeds, Liverpool, Manchester, Milton Keynes, Northampton, and Nottingham.  Outlets typically seat over 300, and serve thousands of meals each week – in excess of 10,000 in some cases.

Customers at Red Hot World Buffet can order from a wide combination of bespoke dishes from cuisines from around the world, including China, Thailand, Mexico, India, Italy and America. Food is prepared at live cooking stations by specially trained chefs that only use fresh ingredients. There are literally hundreds of main courses and tens of desserts on the fixed price menu from which guests select, and children under ten eat at half price.

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