Food & Fuel sold to Brunning & Price for £15m

By Stuart Stone contact

- Last updated on GMT

Capital presence: the acquisition of Food & Fuel by Brunning & Price offers an 'immediate strong presence in London'
Capital presence: the acquisition of Food & Fuel by Brunning & Price offers an 'immediate strong presence in London'
The operator of 11 London gastropubs, Food & Fuel, has been sold to Brunning & Price – part of The Restaurant Group.

Food & Fuel was founded in 2006 by Karen Jones, Jo Cumming and Peter Myers, with its London-focused estate comprising sites in Richmond, Chiswick, Pimlico, Marylebone and Kensington.

Brunning & Price, which operates a mostly rural estate of 64 gastropubs under The Restaurant Group, paid £14.91m – or £15.4m after working capital and liabilities – to complete the acquisition. 

Following the sale, Jones, Cumming and Myers will continue to operate and expand Frontier, a joint venture with Ei Group.

Discussing the deal, Karen Jones – executive chairman of Food & Fuel – who recently became executive chair at Prezzo in addition to chairmanships at Hawksmoor and Mowgli, said: “We have owned and operated our pubs for more than 12 years and we love them as we love our people.

“The achievement of 12 years of like-for-like growth is due to their talent and their commitment.

“After a series of approaches over the past few years, we finally decided that the future for Food & Fuel was best secured under the umbrella of a larger and well-regarded company that shares our values.

“That company is Brunning & Price. We look forward to watching Food & Fuel flourish as part of their estate. It remains for me to say a heartfelt thank you to all our people for whom we feel the respect and closeness one reserves for family.

“And our very best wishes for the future to Brunning & Price whom it has been a pleasure to get to know.”

Brunning & Price managing director Mary Willcock added: “We are delighted to be coming together with Food & Fuel, whose excellent people and unique pubs have impressed us on every visit.

“It gives us an immediate strong presence in London and we are excited about the opportunities it provides”.

Related topics: Other operators

Related news

Show more