SBE on Wednesday announced that it is in advanced discussions to merge with Hakkasan Group.
SBE Founder and CEO Sam Nazarian said the merger is expected to close within 60 days.
“SBE is in advanced discussions with Hakkasan Group regarding a potential merger,” Nazarian said in a statement. “As currently contemplated, SBE would welcome Hakkasan’s global portfolio of prestigious restaurants and best in class nightlife assets into SBE’s international platform of lifestyle hospitality and entertainment assets to create the most dynamic hospitality, residential, restaurant and entertainment company in the industry.”