Red Wok invests in Quan Ut Ut chains
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Vietnam’s F&B group Red Wok has invested in Quan Ut Ut Barbecue, which owns the American-style restaurant of the same name as well as craft-beer brand BiaCraft.
Red Wok will support Quan Ut Ut with business services, technology and marketing management with the aim of helping it to expand. The level of investment has not been disclosed.
Backed by Mekong Capital, Red Wok plans to invest in small-scale dining chains, with fewer than 10 restaurants, over the next three years. It so far has interests in Wrap & Roll, Cuon Viet and Lau Bo Sai Gon Vivu, which has 25 locations nationwide and six franchised outlets in Singapore and Shanghai.
Founded in 2014, Quan Ut Ut Barbecue has four branches in Ho Chi Minh City.
Questions & Answers
Q.What kind of restaurants does Quan Ut Ut Barbecue operate?
What kind of restaurants does Quan Ut Ut Barbecue operate?
Quan Ut Ut Barbecue owns American-style restaurants and also the craft-beer brand BiaCraft. It currently operates four branches, all located in Ho Chi Minh City.
Q.How will Red Wok assist Quan Ut Ut Barbecue after its investment?
How will Red Wok assist Quan Ut Ut Barbecue after its investment?
Red Wok will support Quan Ut Ut Barbecue by providing business services, technology solutions, and marketing management. This assistance aims to help Quan Ut Ut with its expansion plans.
Q.What type of businesses does Red Wok typically invest in?
What type of businesses does Red Wok typically invest in?
Red Wok, backed by Mekong Capital, plans to invest in small-scale dining chains. These are typically businesses with fewer than 10 restaurants, over the next three years.
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