Financing

Jose Andres takes over The Bazaar from SBE

The move will allow Andres’ ThinkFoodGroup to expand the concept outside of SBE properties.
The Bazaar by Jose Andres

Jose Andres’ ThinkFoodGroup has taken over ownership of the celebrity chef’s The Bazaar by Jose Andres concept from the SBE hospitality group, the companies announced Tuesday.

The Bazaar, a large-footprint concept serving tapas and Spanish spirits, currently has four units inside SBE’s SLS hotel locations, and the restaurant will continue to expand with SLS. But the acquisition frees up ThinkFoodGroup to grow beyond the hotel chain.

Details of the deal were not disclosed.

“The Bazaar is a concept very dear to me, and one of my most exciting and rewarding creations as a chef, especially its constantly evolving nature that makes each one new and different,” Andres said in a statement.  “While SLS has been and will continue to be an excellent home for Bazaar, now being able to assume full control of the brand allows me and my team to explore all its possibilities and continued evolution, throughout the globe.”

SBE’s portfolio includes multiple hotel brands as well as Umami Burger, Katsuya, Cleo and several other restaurant concepts.

Last month, French hospitality group Accor SA announced it would take a 50% stake in SBE as part of a push to gain more traction in the U.S. market while also growing some of SBE’s brands internationally, according to media reports.

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