An iconic, world-renowned Glasgow restaurant, the Ubiquitous Chip, has been owned by the Clydesdale family since 1971 and, accordingly, it was key to Colin Clydesdale and Carol Wright that they appoint advisers that not only had the expertise but also understood and related to the ethos and values of the group.
The transaction required a firm with full services including real estate, employment, and tax support and our corporate role was further enhanced by our credentials in, and understanding of, the food and drink and hospitality and leisure sectors in Scotland.
Metropolitan Pub Company approached Carol and I, as great admirers of The Chip, Stravaigin and Hanoi, with an interest in buying. After much consideration, we decided to sell the business that has been in family ownership since 1971. I truly believe the business and people will be in safe hands with Michael and the team, who will continue the legacy that we have built. We look forward to visiting as customers for many years to come. Colin Clydesdale
Key highlights
- Demonstration of our credentials and understanding of the food and drink sector.
- The immediate rapport that we developed with Colin Clydesdale and Carol Wright was key to us successfully delivering on the mandate to advise.
- Our established relationship with RSM meant we were ideally placed to deliver together a seamless service across multiple workstreams for our client.
- There were many facets to the project which we could manage with the benefit of colleagues in-house.
We are really excited to welcome these iconic sites to the Metropolitan estate, and continue the legacy that the Clydesdale family has built over the last 50 years. We are looking forward to working with the 145 team members to continue providing the world class hospitality to the people of Glasgow. Michael Horan, managing director of Metropolitan Pub Company
