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Little Chef 'in takeover talks' Little Chef 'in takeover talks'
(20 minutes later)
Roadside food retailer Little Chef is reported to be in takeover talks, less than 18 months after the business last changed ownership.Roadside food retailer Little Chef is reported to be in takeover talks, less than 18 months after the business last changed ownership.
The Daily Telegraph and the Financial Times reported that the chain, set up in 1958, was in talks with Israeli property firm Arazim about its future. The Daily Telegraph and the Financial Times reported the chain, set up in 1958, to be in discussions with Israeli property firm Arazim about its future.
The business has been struggling financially and has been reported to be losing up to £3m a year.The business has been struggling financially and has been reported to be losing up to £3m a year.
More than 20 million people visit Little Chef outlets every year.More than 20 million people visit Little Chef outlets every year.
Wider menu The BBC's Business Editor Robert Peston said he expected the firm's owner to make an announcement about its future on Wednesday.
Little Chef is best known for its all-day fried breakfast, although the firm has attempted to broaden its menu in recent years, introducing salads and healthy options.
LITTLE CHEF HISTORY The first Little Chef restaurant opened in Reading in 1958It now has 230 outlets, from Scotland to Cornwall, serving 10 million cups of tea a year
The business, which employs 4,000 staff, was bought last year for £52m by its chief executive Simon Heath and the People's Restaurant Group headed by catering magnate Lawrence Wosskow.The business, which employs 4,000 staff, was bought last year for £52m by its chief executive Simon Heath and the People's Restaurant Group headed by catering magnate Lawrence Wosskow.
LITTLE CHEF HISTORY The first Little Chef restaurant opened in Reading in 1958It now has 230 outlets, from Scotland to Cornwall, serving 10 million cups of tea a year
Little Chef is best known for its all-day fried breakfast, although the firm has attempted to broaden its menu in recent years, introducing salads and healthy options.
Little Chef's former owners include private equity firm Permira and catering firm Compass.Little Chef's former owners include private equity firm Permira and catering firm Compass.
Neither Little Chef nor Arazim have commented on its future.Neither Little Chef nor Arazim have commented on its future.