Hakkasan Group announced today its acquisition of Angel Management Group, which almost doubles the Abu Dhabi-based nightlife and dining outfit’s venue count—depending how you look at things.
Locally based AMG has been partnering with Hakkasan Group since 2012 to operate the nightclub end of the Las Vegas Hakkasan location, which opened at the MGM Grand last April.
Founded as Angel Music Group in 1999, AMG began operating nightlife venues as Angel Management Group in 2005 and has built up a healthy venue portfolio (aided by the 2010 acquisition of Pure Management Group). With the acquisition, Hakkasan Group now operates: Pure Nightclub, LAX Nightclub, Savile Row, Coyote Ugly, Wet Republic Ultra Pool, Venus European Pool Club and Social House in Las Vegas; as well as HQ Nightclub, HQ Beach Club, the Social and Ovation Hall in Atlantic City, plus Aura Nightclub in the Bahamas.
"Following a successful partnership with Angel Management Group, we believe the consolidation of its businesses will accelerate Hakkasan’s goal of creating a suite of multifaceted global lifestyle brands. … I am also confident that AMG’s existing relationships in the U.S. hospitality industry will provide opportunities for Hakkasan to establish other strategic partnerships as we seek to grow the business," said Khadem Al Qubaisi, Hakkasan Group Chairman, in a statement released today.
The 12 venues significantly add to Hakkasan Group’s already-growing empire. In addition to Hakkasan’s two original London locations, the brand has outposts in Mumbai, India; Dubai and Abu Dhabi in the United Arab Emirates; Doha, Qatar; and four U.S. locations outside of Las Vegas (Miami, New York, San Francisco and LA). A 13th Hakkasan location in Shanghai is scheduled to open this year, and the group also recently acquired LA’s Herringbone restaurant.
In addition to the Hakkasan brand, its parent company Hakkasan Limited also operates a number of global restaurants, including Chinese eatery HKK in London; contemporary dim sum teahouse Yauatcha in London and India (Mumbai, Bengaluru, New Delhi); and modern Japanese outfit Sake No Hana in London and Dubai.
"I am delighted to be in a position to unite our collective assets and teams in order to create a strong international group with experience in all areas of hospitality," said Neil Moffitt, Hakkasan Group CEO and founder/CEO of AMG, in today’s statement. "Our first priority will be to expand upon the success of Hakkasan’s venues and develop the brand portfolio in other markets, followed by the launch of several new concepts over the next few years."