West Bromwich millionaire Ranjit Boparan buys Harry Ramsden's chain
A West Midland food millionaire has bought Harry Ramsden’s, the famous national fish and chip restaurant chain.
Ranjit Boparan, the owner of Birmingham-based Boparan Ventures, bought the company for an undisclosed sum.
He now says he plans to open 100 more branches of the famous Yorkshire company.
The deal comes just a year after Mr Boparan bought the Fishworks restaurant chain out of administration.
"Harry Ramsden’s is a great British institution and we want to put it back on the map by focusing on the fundamental basics of superb service, exceptional value and, most importantly, the very best tasting fish and chips you can buy", said Mr. Boparan. "And, we’re planning to open a further 100 locations within the next 5 years and expect to create around 600 new jobs, taking care to ensure that customers are guaranteed the same consistent quality at every single store".
Mr Boparan, who is based in West Bromwich, was advised in the deal by lawyers at Birmingham law firm Wragge & Co.
Corporate partner Baljit Chohan led the deal, working closely with the new CEO of Harry Ramsden’s, Marija Simovic, and Boparan Ventures’ head of M&A Sukhbinder Heer and in-house counsel Andrew Cuthbert.
Ranjit Boparan is one of the UK’s most successful self-made entrepreneurs, with businesses employing 6,000 people worldwide and which have combined annual sales nearing £1 billion. In addition to Harry Ramsden’s, he also owns Fishworks and international poultry processor 2 Sisters Food Group.
Harry Ramsden’s currently operates 36 restaurants and takeaways across the UK. Following Boparan’s latest strategic acquisition, the company plans to open a further 100 locations within the next five years, potentially creating 600 jobs.