Boozy Cow restaurants may not donate future profits to charity
The chain's owner Garreth Wood, had done a deal to sell it, along with a number of other venues
Boozy Cow restaurants in Edinburgh, Stirling, Aberdeen and Dundee might not donate their profits to charity in the future, after the business was sold off.
The chain's owner Garreth Wood, had done a deal to sell it, along with a number of other venues.
It’s being bought by his brother Nic, who already owns a number of pubs in the capital.
In a statement, the owner said:
"Signature is a business designed to generate profit to allow us to reinvest in our iconic venues and support the Scottish economy by being an employer of over 600 people. As with any new acquisition, we will take time to understand Boozy Cow, the business, it’s market, cost base and potential profit before committing to a charitable programme.”
Boozy Cow restaurants across the country currently donate 100 percent of their profits to good causes.
Outgoing owner Garreth Wood is giving £200,000 to good causes the restaurants have supported in the past. He's also working on new philanthropic projects and an announcement on his future plans will be made in due course.