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
“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