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Bicycle Club to wheel in a new owner
16 Jan 2009Gordon Ramsay's favourite Indian takeaway should find itself with a new owner today, the group's chief executive Jamal Hirani has said.
The Bombay Bicycle Club, which was bought in July 2008 by Tiffinbites, the company he founded, is expected to be sold today with the rest of the Gourmet Restaurant Group, to avoid having to call in the administrators. Hirani said there has been interest from several parties.
Tiffinbites has struggled recently as a result of the financial carnage. “We're very much based in the City so the job cuts there have really hit trade,” Hirani said.
Talk is that the group has been lossmaking for the last two to three months. Tiffinbites has outlets in the City and Canary Wharf, as well as a restaurant in the new Westfield shopping centre. Bombay has restaurants in Hampstead, Balham and Holland Park.
