“We are delighted to add Vacamuuu restaurant to the Stadio Hospitality family. This acquisition represents a tremendous opportunity to expand our gastronomic horizons and also reflects our shared vision to offer every guest the perfect experience!” said SHC CEO Radu Dumitrescu said.
The sellers are two Turkish entrepreneurs.
With this acquisition, SHC reaches a portfolio of seven restaurants, namely NOR, 18 Lounge, Cismigiu Bistro, the 3 Stadio locations (Unirii, Universitate and Herastrau) and Vacamuu.
The group estimates around RON90 million revenue for 2023.
Radu Dumitrescu is not making its first acquisition, having bought 18 Lounge from a number of local entrepreneurs in February 2020. In fact, his strategy has been to develop the SHC group directly or through acquisitions, creating a player that incorporates several concepts and brands.
(English version by Loredana Fratila-Cristescu)