The $250 million investment fund set up by Swisse vitamins chief executive Radek Sali has bought a third stake of George Calombaris’ Jimmy Grants casual eatery chain, the Australian Financial Review (AFR) has reported.
According the AFR, Jimmy Grants has an expansion strategy in place with plans to grow the business from five Melbourne outlets to between 20 and 40 Australia wide, with the aim to then develop an international presence.
"It feels like a three year kind of timeframe to get it where we want to to be in Australia. Then we'll be looking to international territories," Sali told Fairfax Media. "We believe there is a significant opportunity."
Calombaris opened the first Jimmy Grants outlet in Fitzroy, Melbourne in 2013, with business partner Geroge Sykiotis. The menu is based on modern adaptations of traditional Greek street food offerings, like souvlaki, spit-roasted chicken and grain salads.
The investment, which is the fourth for Sali’s investment office, does not extend to other restaurants under Calombaris’ Made Establishment group.