NEW YORK, March 22, 2017 — sbe, the leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues globally, today announced that it is in advanced discussions to merge Hakkasan Group into the sbe family.

sbe Founder and CEO, Sam Nazarian stated, "sbe is in advanced discussions with Hakkasan Group regarding a potential merger. As currently contemplated, sbe would welcome Hakkasan's global portfolio of prestigious restaurants and best in class nightlife assets into sbe's international platform of lifestyle hospitality and entertainment assets to create the most dynamic hospitality, residential, restaurant and entertainment company in the industry. The merger is expected to close within 60 days."