Chef Alain Ducasse has sold a 51% stake in his cookery schools business to private equity firm Eurazeo in a deal that sources said was worth €5 million.
Despite selling a majority stake in his cookery schools business, Ducasse told The Financial Times that he has no immediate plans to sell any of his restaurant business to private equity.
Ducasse operates more than 20 restaurants around the world, including The Dorchester of London and Plaza Athénée of Paris, and has accumulated 20 Michelin stars over the course of his 30+ year career.
Expanding Hospitality Training Portfolio
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The sale of the majority stake of Ducasse's cookery schools business to Eurazeo's Sommet Education expands the buyout group's high-end hospitality training portfolio, which also includes Swiss schools Glion and Les Roches.
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