Press Up

Press Up: A Tale of Takeover and Tasty Triumphs in Dublin's Hospitality Scene!

Cheyne Capital takes the reins of Press Up Hospitality Group, but fear not - Paddy McKillen Jr is still in the mix! 🍔🍻

In a surprising turn of events, the Press Up Hospitality Group has a new owner in Cheyne Capital, a London-based alternative lender, which aims to invest fresh funding into this burgeoning Irish hospitality giant. With its extensive portfolio of both upscale and casual venues, including the iconic Wagamama and multiple Wowburger locations, the takeover has left many wondering how this change will affect diners across Dublin. Here's the good news: all venues will remain open, except for the Wowburger on Parnell Street, which is temporarily closed. So, folks, don't fret; your favourite spots are still serving up smiles and scrumptious meals!

Paddy McKillen Jr, co-founder of Press Up, expressed his delight in remaining an active participant in the company following the transition. In a heartfelt statement, he reassured fans of the brand that the Press Up ethos will remain intact. This restructuring comes in light of Cheyne Capital being owed €45 million by entities within the hospitality group, leading to the appointment of accountants from KPMG to assist with the financial overhaul and ensuring a smooth transition for the operations.

Cheyne Capital isn’t just a typical lender; they are known for infusing fresh capital into organisations, allowing them to thrive, and that’s just what Press Up needs. With the spotlight on operational efficiency and exciting new ventures under this new ownership, we can expect some delightful changes coming to our favourite eateries. While renovations and menu enhancements are likely on the horizon, the essence of what makes Press Up a beloved chain will remain unshaken.

For those unfamiliar with the Press Up brand: it isn't just about burgers and bites; it encompasses an artful blend of hospitality experiences that cater to everyone— from casual coffee drinkers to fine dining aficionados. And did you know that Paddy McKillen Jr is not just a business mogul, but he's also deeply involved in Dublin's cultural scene? His rise in the hospitality industry demonstrates how innovation meets passion, and that mix is as delicious as the dishes served at his restaurants!