Dubai’s Kitopi, a tech-powered, multi-brand restaurant founded in Jan. 2018 announced the acquisition of AWJ, a popular regional F&B group. While the size of the acquisition has not yet been disclosed, Kitopi confirmed that the deal is one of the largest transactions in the F&B sector within the GCC region according to Arabian Business.
AWJ is a Dubai-based holding company that’s behind popular delivery and dine-in brands such as Operation Falafel, Catch 22, Awani, and Sushi Do. CEO and co-founder of Kitopi, Mohamad Ballout told Arabian Business, “we always strive to bring the best to our customers. To this end, we are proud to have acquired AWJ and its portfolio of brands.”
Kitopi, which describes itself as a tech-powered, multi-brand restaurant with over 100 brands and operates in more than 200 locations across 5 markets, is mostly recognized as a cloud kitchen. For those unfamiliar with the cloud kitchen concept, it is a project that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no actual dine-in customers. This enables restauranteurs to expand an existing restaurant or start a virtual brand at lower costs. With this acquisition, Kitopi will be able to invest in and grow regional brands and take them on a global scale.
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