BusinessCompany NewsBurger chain sold to former pizza man

Burger chain sold to former pizza man

The former finance director of Pizza Express Glen Tomlinson has bought burger chain Tootsies for £30.6m in cash and £1.17m in shares.

Link: Fears for AIM are off target

Tomlinson runs AIM-listed Urban Dining together with the former operations manager at Pizza Express John Metcalf. Tootsies is Urban Dining’s first acquisition since its flotation on AIM in May.

The nine-strong Tootsies chain will continue to be run by Andrew Bonnell, who is believed to have made £1.2m from the sale.

The Daily Telegraph reports that Bonnell will use half of his money to invest Urban Dining shares, and will also gain a seat on the board. Urban Dining wants to expand the Tootsies to a 100-strong restaurant chain business.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor