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| News of Little Chef fate awaited | |
| (about 4 hours later) | |
| Roadside restaurant chain Little Chef is set to make an announcement about its future, BBC business editor Robert Peston says. | |
| It was reported on Tuesday that the firm, said to be losing up to £3m a year, was involved in takeover talks. | |
| The Financial Times says Israeli property firm Arazim and private equity company RCapital will buy Little Chef and close 40 of its 234 restaurants. | |
| More than 20 million people visit Little Chef outlets every year. | More than 20 million people visit Little Chef outlets every year. |
| The Daily Telegraph and the Financial Times reported on Tuesday that the chain, set up in 1958, was in discussions with Arazim about its future. | |
| 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 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. | |
| 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 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. |