The Financial Times has reported that Wagamama founder Alan Yau has sold Hakkasan and Yauatcha, his two Michelin-starred Chinese restaurants, to the Abu Dhabi Investment Authority for £30 million! According to the FT, Yau will retain a minority stake in the two restaurants, which seem to take turns representing London among the world’s most highly ranked restaurants.
Londonist wishes to congratulate Yau on his mega-success (you lucky duck!) and hopes that (although Hakkasan and Yauatcha will never be affordable) these two dining phenoms will continue to produce exciting and quality dishes for many years to come.
Photography courtesy of the seikatsu's photostream on Flickr.