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HomeNewsPacha Group Looking to Buy Hakkasan at Discount

Pacha Group Looking to Buy Hakkasan at Discount

Hakkasan, which has numerous problems from their restaurants shutting down, to a failed merger with SBE may now be sold to Pacha Group at a severe discount from the asking price just a few years ago.

The sovereign fund of Abu Dhabi is negotiating to sell its chain of restaurants and nightclubs Hakkasan

Earlier this month, Los Angeles-based The H.wood Group separated from Hakkasan Group, reacquiring a significant equity stake and reclaiming global rights to its portfolio of restaurants and nightclubs, including Shorebar, The Nice Guy, Bootsy Bellows and Blind Dragon.

Only a few years ago Hakkasan was seen as the global leader in Nightlife and Restaurants until a money laundering scandal rocked the chairman and main investor, that has since led to his arrest. It was rumored that at least $10 million of startup capital for Hakkasan was stolen.

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PaceVegas is the Publication of Everything About Las Vegas. Known for it's hard hitting exposes of crimes, the underworld and everything interesting about Vegas, it's won numerous awards from those who are scared to actually read the stories.
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