ReSolve sells Out of the Woods restaurants - Resolve Group UK

ReSolve sells Out of the Woods restaurants

Resolve Group UK

ReSolve sells Out of the Woods restaurants

ReSolve is pleased to announce the sale of four restaurants in West London which together made up the Out of the Woods group. The restaurants are located in the prime neighbourhoods of Notting Hill, Ravenscourt Park, West Kensington and Battersea.

The sale of the businesses and assets of Hillmaster Limited (The Oak W2), Woody Inns Limited (Bird in Hand), Willow Inns (UK) Limited (The Oak W12) and Forest Inns (UK) Limited (The Oak SW11) to Racon Investments Limited was completed on 6 August 2020. These sales have secured the employment of 83 staff across the group.

Racon Investments Limited commented:

‘We are delighted to have acquired these premises in prime locations and look forward to opening them, in accordance with latest Government guidelines, very soon.’

‘Despite the difficulties currently being experienced by the hospitality sector as a result of the Covid-19 pandemic, this sale proves that there is still interest and belief in viable restaurant businesses in prime locations. It is particularly pleasing to have secured this sale, and the employment of 83 staff, at such a difficult time and we wish the restaurants every success in the future.’

Cameron Gunn, Senior Partner, ReSolve

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