20th March 2019
The Tonkotsu ramen chain founded by Emma Reynolds and Ken Yamada in 2012, is seeking investment funding from Leeds-based investment firm YFM Equity Partners, to fund further growth.
Tonkotsu, led by Stephen Evans, ex former development director of Gourmet Burger Kitchen, appointed advisers last year. The group appointed Grant Thornton and Dow Schofield Watts to oversee the funding process. London-based Tonkotsu has a turnover of c£7m. The business opened its latest site, at Dicken’s Yard, Ealing, in November. Tonkotsu also operates two concessions at Selfridges in Birmingham and London’s Oxford Street and hopes to open in Peckham and Shoreditch this year
YFM acquired a minority stake in healthy eating brand Friska for £3m in 2017.