Swiss group acquires majority stake in Chopstix

This aims to accelerate growth and innovation for both QSRP and Chopstix. 

Restaurant brand operator QSRP has acquired a majority stake in pan-Asian QSR chain Chopstix for an undisclosed amount.

Chopstix co-founder Menashe Sadik said the partnership will enable Chopstix to scale and enter new markets in Europe whilst the acquisition by QSRP will mark the group's entry into the UK market.

Founded in 2002, Chopstix has over 150 locations across the UK and Ireland.

Meanwhile, QSRP has been operating in seven countries with a portfolio of over 1,240 restaurants, including 144 virtual kitchens.