Michael Caines has announced the acquisition of Porthleven Restaurant in Cornwall, a former Rick Stein Restaurant.
Caines may just have outmaneuvered Gordon Ramsay in completing this acquisition as it had been reported widely he was not only eyeing the restaurant but was looking to make a move. The reports were always unconfirmed and currently closures like the recent ones in Qatar seem a higher priority for Ramsay, who we understand is evaluating his restaurant portfolio.
The Porthleven Restaurant will be Caines’s second venture in Cornwall adding to the Michael Caines Collection which currently comprises luxury country house hotel and restaurant Lympstone Manor, The Cove at Maenporth, and a new project in Exmouth.
Caines said of the acquisition: “We are delighted to have the opportunity to pick up where Rick and Jill Stein have left off, taking over this wonderful property in Porthleven.
“We are looking forward to working with Trevor Osborne, the owner of Porthleven Harbour & Dock Company, to continue to grow Porthleven as a destination and develop a restaurant that warmly welcomes both locals and visitors through its doors.
“We’re looking forward to sharing details of this exciting new venture in due course.”
Trevor Osborne also commented saying: “It is with great pleasure that I shall welcome the distinguished and popular chef, Michael Caines, to Porthleven. His reputation goes before him and I know that he will not disappoint. I much look forward to his new venue opening.”
The Porthleven Restaurant currently remains closed.
Michael Caines acquires Rick Stein Restaurant – 2 July 2020 – Michael Caines acquires Rick Stein Restaurant