Gin71 and Cup Tea Lounge which also incorporates a Gin Spa has been sold to husband and wife team, Alex and Andrew Craig, in one of the largest leasehold transactions seen in the Scottish Licensed Trade for some time.
Paul Reynolds decided to sell the business that he founded over 11 years ago to concentrate on his other restaurant business Stack & Still. He said, “I am so excited to see the opportunity for the business under the ownership of Andrew and Alex. I have loved building these brands and teams and I am sure that they are being passed over to new, young entrepreneurial owners who have amazing vision to grow the business in the future”.
The new owners intend to grow the brands ouside of Glasgow and the day-to-day running of the business will managed by incumbent Operations Director Sam Gove who has been with the business for the past five years.