Tycoon Tchenguiz 'in Little Chef bid talks'

Property tycoon Vincent Tchenguiz is today reportedly considering a bid for UK roadside restaurant chain Little Chef.

The investor is said to be in talks with Little Chef parent R Capital about buying the restaurant brand, according to a report in The Daily Telegraph.

R Capital, which bought Little Chef out of administration in January, is believed to be planning a formal auction process, having also last month reportedly received an expression of interest in the restaurant group from Italy’s wealthy Benetton family.