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News

Refinancing of YO! Sushi

December, 2006

 

Primary is pleased to announce the refinancing of YO! Sushi, the UK’s leading Japanese conveyor-belt restaurant brand.


Barclays Bank, which has supported the business since 2000, has provided £17.5 million of new banking facilities which will fund a release of capital to all shareholders and also provides further financial firepower to support an accelerated roll-out over the next three years.

 

Since 2003, when Chief Executive Robin Rowland led a management buy-out of the business backed by Primary, YO! Sushi has expanded to 26 sites across the UK and an expanding international franchise network. New site openings in 2006 have included Bluewater, Victoria Station, Harrods 102, St Pauls, Brent Cross and Brunswick Centre. A further six UK sites are planned for 2007.

 

Contact Jackie Adams for more information

Tel: +44(0) 20 7920 4800

Email: jackie@primaryeurope.com

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