US billionaire Bill Foley takes quarter stake in Gault’s restaurant empire, seeks vertical integration

Tue, 26 Nov 2013

By Tina Morrison Nov. 26 (BusinessDesk) – American billionaire Bill Foley has taken a quarter stake in the Nourish restaurant chain fronted by celebrity chef Simon Gault, giving him a vineyard-to-restaurant path for his wines. Foley, though the Foley Family Wines Holdings company based at his luxury Wharekauhau lodge in the Wairarapa, has taken a 24.9 percent interest in Nourish Group which runs a chain of high-end restaurants including Euro, Fish, Shed 5, The Crab Shack, Pravda, Jervois Stake House and Bistro Lago. Foley is following the p...

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