Crosstown Doughnuts Acquired by Karali Group

Crosstown Doughnuts Acquired by Karali Group

London-based premium doughnut and coffee chain Crosstown has been acquired by the Karali Group, a hospitality and real estate firm. The acquisition includes Crosstown's 27 sites, 140 staff, and the current leadership team, but founders Adam Wills and JP Then will exit the business. Crosstown operates through bricks-and-mortar stores, trucks, market stalls, and retail concessions. CEO Howard Ebison expressed excitement about the new chapter with Karali Group, known for its experience in growing hospitality brands. Karali Group, led by Salim and Karim Janmohamed, previously the largest Burger King franchisee in the UK, still operates 32 licensed Burger King stores in Ohio and Pennsylvania. They are eager to enhance Crosstown's brand, renowned for excellence in the bakery sector. Founded in 2014, Crosstown sold a minority stake to private equity firm Foresight for £3m in March 2022. Crosstown is also known for its artisan donuts and specialty coffee from Caravan.

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