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Fairfax buys MW Eat with plans for expansion
Yahoo Financeยท 2025-11-26 14:23
Core Insights - Canadian investment group Fairfax Financial Holdings has acquired UK restaurant operator MW Eat, signaling plans for international expansion [1][2] - The founders of MW Eat will remain involved in the company and collaborate with Fairfax during the transition [2] - Fairfax is expected to invest further capital to support MW Eat's growth and explore new restaurant concepts [3][4] Company Overview - MW Eat operates several well-known Indian restaurants in London, including Amaya, Veeraswamy, Chutney Mary, and Masala Zone [1] - The company was founded by Namita Panjabi and Ranjit Mathrani in 1990, with Camellia Panjabi joining in 2001 [2] Strategic Plans - Fairfax aims to leverage its experience in India to enhance MW Eat's development strategy, having previously invested in various Indian ventures [4] - The acquisition is viewed as a transformative opportunity for MW Eat, aligning with its heritage and future ambitions [2][3] Market Context - The acquisition occurs amid challenges for Veeraswamy, one of the UK's oldest Indian restaurants, which is contesting a lease extension decision by The Crown Estate [5]