Pho wins expansion deal

30 July, 2012

Vietnamese chain Pho is set for a fresh wave of expansion after striking a deal with private equity firm Isis, the Sunday Times reports.

The fresh investment has been on the cards for some time, and will see Isis invest £5.2m in the chain, which currently operates six restaurants in London and one in Brighton. It gives Isis a minority stake in the business.

Co-founder Stephen Wall said the money would be used to open in towns like Oxford and Cambridge as well as more sites in London. “It feels great—the realization hasn’t quite sunk in yet.”

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