You are here: Home » News-IANS » Business-Economy
Business Standard

Indian restaurant chain in Scotland up for sale

IANS  |  London 

The biggest chain of Indian restaurants in Scotland, Ashoka, is up for sale after a slowdown in curry consumption and people preferring cheaper eating houses, a report said on Sunday.

The Indian-descent owner of the chain, Sanjay Majhu, 48, has sold four of the 14 restaurants last year, including Ashoka West End in Argyle Street, Glasgow.

"It is getting harder. I do not see myself expanding into Indian restaurants any more. People like going to cheap restaurants," Scotland's Daily Record newspaper quoted Majhu as saying.

Majhu is a former Asian businessman of the year.

"We don't have the capability to compete with large businesses like that. Indian restaurants still do well but they're up against a lot of competition. I hope to sell most of them. I am definitely trying to wind down the business now," he added.

Moreover, industry leaders claim curbs on immigration has led to shortage of chefs. Hence, skilled Indian staff do not get visas, the report said.

Majhu reportedly bought the Ashoka chain for eight million pounds ($12 million) in 2005.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, August 16 2015. 14:30 IST