Business man Andrei Iusut sold Divan Group restaurants to a Turkish investment fund for an undisclosed sum. The Divan Group consists of three restaurants and three fast-food venues, all located in Bucharest’s central area.
The Group was established in 2009, with the opening of the first Divan restaurant in the capital’s Old Center, followed by the launch of Meze Taverna, in 2012, that of the new Divan restaurant opened in 2013, and that of Divan Express in 2016. The latest addition was Kuzina, opened in 2016. Currently, the Divan Group group consists of Divan located in Floreasca, Meze Taverna, located in Bucharest’s Old Center, the newly-opened Kuzina, located in Barbu Vacarescu, Divan Express located in Piata Romana, Divan Express located in Piata Victoriei and Divan Express located in Dimitrie Pompeiu (under construction).
The deal marked the founders’ exit from the business, sources close to the deal told Business Review.
Georgeta Gheorghe
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