{"id":95355,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubais-sunset-acquires-majority-stake-in-restaurant-operator-maximal\/"},"modified":"2024-09-02T00:00:00","modified_gmt":"2024-09-02T00:00:00","slug":"dubais-sunset-acquires-majority-stake-in-restaurant-operator-maximal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/02\/dubais-sunset-acquires-majority-stake-in-restaurant-operator-maximal\/","title":{"rendered":"Dubai\u2019s Sunset acquires majority stake in restaurant operator Maximal"},"content":{"rendered":"

Sunset buys into Hong Kong\u2019s Maximal: <\/strong>Dubai-based hospitality investment manager Sunset Hospitality Group<\/a> has acquired a majority stake in China-based restaurant operator Maximal Concepts<\/a>, according to a press release<\/a>. The stake size and financial details of the transaction were not disclosed. <\/p>\n

Maximal will be Sunset\u2019s gateway to global markets:<\/strong> The acquisition will support Sunset\u2019s global expansion, adding key markets like the US, Canada, Korea, Thailand, Vietnam, Philippines, and Hong Kong to its portfolio. The acquisition of Maximal will boost the Emirati firm\u2019s reach to over 80 locations across 22 countries.<\/p>\n

About Maximal:<\/strong> Best known for its flagship Cantonese restaurant chain Mott 32, Maximal operates 19 locations worldwide and is set to expand its global footprint with new openings in Los Angeles, Bali, Manila, Mumbai, and Riyadh. <\/p>\n

Sunset already counts Mott 32 in its portfolio<\/strong>, which also includes SushiSamba, Luigia, L\u2019Amo, and BlackTap, among other brands. Sunset is led by Antonio Gonzalez (pictured, above) as chairman and CEO.<\/p>\n

REMEMBER- <\/strong>Sunset was said in May to be working with Jefferies Financial Group to raise USD 300 mn<\/a> from investors to fund its expansion plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition will boost Sunset\u2019s foothold into the US and Canada<\/p>\n","protected":false},"author":1,"featured_media":95356,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,477,1344,60,1532,1531],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-hospitality","tag-ma","tag-ma-watch","tag-maximal-concepts","tag-sunset-hospitality-group","wpautop","entry"],"acf":{"mongo_id":"182a317a-9b55-43c7-9c1b-bee67792f931","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/90.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai\u2019s Sunset Hospitality acquires majority stake in restaurant operator Maximal","related_issue":[95343],"teaser":"The acquisition will boost Sunset\u2019s foothold into the US and Canada","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.4a2685fd-b677-4379-a247-006fc1f0acae.mp3"},"yoast_head":"\nDubai\u2019s Sunset acquires majority stake in restaurant operator Maximal - 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