Busaba Eathai: Thai restaurant chain founded by Wagamama creator enters administration after 25 years

Busaba Eathai: Thai restaurant chain founded by Wagamama creator enters administration after 25 years

Busaba Eathai, the Thai restaurant chain founded by Wagamama creator Alan Yau, has entered administration after 25 years.

Seaco Investments acquires Thai restaurant chain Busaba Eathai

Busaba Eathai, the Thai dining establishment, has been sold out of administration through a pre-pack arrangement with Seaco Investments.The post Seaco Investments acquires Thai restaurant chain Busaba Eathai appeared first on Verdict Food Service.

Seaco acquires Busaba out of administration

Busaba has been sold in a pre-pack administration deal to Seaco Investments, safeguarding around 240 jobs across its seven remaining sites. News comes after the Thai restaurant group entered administration on 16 July, with Neil Bennett and Alex Cadwallader of law firm Leonard Curtis appointed joint administrators. The sale to Seaco Investments was secured immediately afterwards. Busaba, launched in 1999 by Wagamama founder Alan Yau, once operate…