Hospitality operator Hakkasan Group today revealed plans to continue its rapid international growth into 2016 with two new restaurants and a nightclub in Indonesia, and the introduction of its Michelin-starred Yauatcha brand to the US.
A continuation of Hakkasan Group’s business strategy of taking its brand portfolio in new high-growth markets, the expansion into Indonesia will involve three of its brands, Hakkasan, Sake no Hana and OMNIA, while Yauatcha will open in Houston and Honolulu.
These developments will follow recent openings in Shanghai, Mykonos, Los Angeles and London, which have expanded Hakkasan Group’s global footprint, and will be complemented by additional openings throughout 2016.
The group, which employs more than 5,000 people globally, has seen its revenues grow six-fold in the past three years.
The UK-based firm is headquartered in both London and Las Vegas, and boasts more than 50 establishments across the US, Europe, Middle East, and Asia.
Nick McCabe, president of Hakkasan Group, said: “As Hakkasan Group’s first venture into South East Asia and Yauatcha’s into the US, these developments mark a milestone for the Group and speak to our wider business strategy of moving into high growth markets.
“There is significant potential for Hakkasan Group across the entire Pacific Rim and as a result, we are planning aggressive expansion within the region, which will be achieved via our existing portfolio of brands, as well as further diversification through strategic acquisitions and new brand launches.”
In the US, meanwhile, McCabe said that Houston and Honolulu were perfect locations for Yauatcha due to their diverse populations and tastes. “We believe can add a product and service offering to the market that doesn’t currently exist,” he said.