The Bay Restaurant Group is a hospitality company in the United Kingdom, specialising in restaurant and pub chains.
History
The company originates from three former companies: Yates's, SFI Group and the Laurel Pub Company.
Laurel Pub Company
The group has its origins in the Laurel Pub Company, which was owned by Robert and Vincent Tchenguiz, two Iranian businessmen. It originally owned the Hogshead pub chain. In May 2004, it sold 432 neighbourhood pubs for £654m to Greene King.[1]
Robert Tchenguiz's R20 bought the company for £151m in November 2004. In June 2005, it bought the Slug and Lettuce and Bar Med chains for £80m when the Surrey-based SFI Group went into administration. It also bought the Yates's chain for £202m, with many becoming Slug and Lettuce outlets. In February 2006, it sold the Forno Vivo and Santa Fe chains.
In April 2007, it bought the La Tasca