Blackburn-based independent petrol forecourt operator Euro Garages is reported to be in “advanced talks” to buy iconic UK brand Little Chef.
to a report in The Sun newspaperThe report says that if the deal goes through management is set to assess each Little Chef site on a “case-by-case” basis.
A source told the newspaper: “Staff are worried that Euro Garages don’t operate their own brands — they only operate partner brands. They fear this could mean the end for what is an iconic brand.”
Last year Blackburn-based independent petrol forecourt operator Euro Garages announced plans to merge with a European counterpart to create a new group with around 1,450 locations and 8,500 staff.
A new holding company named Intervias was being created. It was also announced that Euro Garages would continue to operate under their own names with their current CEO’s and senior leadership teams.
Funds managed by TDR Capital and brothers Mohsin and Zuber Issa, the founders of Euro Garages, would each own 50 per cent of Intervias, it was revealed. A spokesman for Euro Garages today told Lancashire Business View the company was making "no comment" on the report.
Enjoyed this? Read more from Lancashire Business View