Giggling Squid buys competitor Thai chain from administration

Canalside Ventures, which trades as Giggling Squid, has acquired Thai Express UK from administration, adding nine sites to its 50-strong estate and transferring all staff to the new owner. Andrew Andronikou and Robert Ferne of BTG Begbies Traynor were appointed administrators on 7 September and recommended a sale as the route most likely to maximise returns to stakeholders. The deal followed cross-border negotiations with Thai Express Canada, the franchisor behind the wider 300-site international brand.

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