Businessman Ivan Kaganzi has sold off his popular Kisementi bar Fat Boyz. We hear he has been sold it to Grande Entertainment at shs90 million. It has been on sale for the last one year but it hasn’t been easy.
A source close to the deal told us that Grande took over earlier this week. “We thought it was a good businessproposal when the owners contacted us to buy. We are going to maintain its good aspects and look at its weaknesses which we shall improve,” local website Monday Times is quoted. Fat Boys was originally owned by an American called Darren, who sold it to Kangazi a few years ago. The bar is located at a building owned by tycoon Sudhir Ruparelia in the plush Cooper Road in Kololo.
The area is popular with foreigners and never goes to sleep.