The Hemingway Group announces the completion of the sale of Orient Vendeglato Rt.
The sale of Orient Vendeglato Rt., Central Europe’s largest independent restaurant and real estate company was completed by SuperNoa Ltd. today

Orient Vendeglato Rt. and its predecessors operated over 130 restaurant and retail units in Central Europe since 1972. The company was acquired by THG during the Hungarian privatization in 1989.

“It has been an honor and a pleasure running this company, but the time has come to hand over the reigns of this great business to its new owners and bid it farewell” says Orient Rt. Managing Director Pal Gacs. Mr. Gacs was the Hemingway Group’s first European employee in 1985 and will remain with the THG management team.

“This transaction represents the largest sale of THG assets in Central Europe to date and is a prime example of what The Hemingway Group can and does do.” States THG Chairman George F. Hemingway.

September 9, 2005