Lunch Garden sold to London investment fund | RetailDetail

Lunch Garden sold to London investment fund

Lunch Garden sold to London investment fund

During a Lunch Garden extraordinary general meeting, Bregal Freshstream was revealed as the company's new owner. The London-based investment firm wants to help self-service restaurant chain grow.

Acquired 71 restaurants

After some 5 years, the Belgian restaurant chain Lunch Garden gets a new owner after rumours that the company had been put up for sale, rumours that date back to late last year. During an extraordinary general meeting, the company revealed that H2 Equity Partners, Kebek Private Equity and Solferino Holding sold the company to Bregal Freshstream for an undisclosed sum.


H2 and the other shareholders invested a lot into Lunch Garden's modernization over the past 5 years, with more than 50 million euro into the store updates and several new additions. They also struck a deal with Total for its roadside restaurants, boosted the company's marketing efforts and drafted a new collective labour agreement. All these changes have prepared Lunch Garden for the future.


"Freshstream seeks to build on the foundations the previous owners have laid over the past few years", Bregal Freshstream Chief Investment Officer Rayhan Davis said. "We have the ambition to continue the company's growth, alongside all of Lunch Garden's staff."


Current team stays on

CEO Annick Van Overstraeten and the entire management will stay on and nothing will change for the employees. Bregal Freshstream was launched in September 2015 and has a 600 million euro value, coming from the Bregal Investments family fund.


Lunch Garden, founded in 1966, currently has 71 restaurants and some 1,300 employees. In 2014, the Belgian chain of self-service restaurants had a 136 million euro turnover.

Questions or comments? Please feel free to contact the editors

H&M opens web shop on Tmall


Swedish H&M has been through a difficult year with a turnover drop. It presented a new strategy that focuses more on online sales and its first towards that strategy is a web shop on Chinese platform Tmall.

Guess' turnover grows, but company suffers loss


Fashion company Guess has managed to boost its turnover in 2017, but it did suffer a near 8 million dollar loss compared to the nearly 25 million dollar profit from 2016.

C&A expands web shop to 11 new countries


Clothing chain C&A introduced another eleven countries to its web shop, instantly more than doubling the range of its online activities.

New Esprit CEO hails from New Look


Fashion chain Esprit will get a new CEO: Jose Manuel Martínez will leave the company and pass on the baton to Anders Kristiansen. New Look’s former CEO has to bring growth to Esprit, particularly through ambitious plans for China.

Dior exchanges Belgian CFO for British one


After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.

Suitcase brand Rimowa cancels all dealer contracts


Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

Back to top