Boparan Ventures has emerged as the mystery buyer behind the acquisition of the Giraffe restaurant chain from Tesco, reports Sky News.

The private investment vehicle, led by entrepreneur Ranjit Boparan, is thought to be paying the grocer a modest sum to snap up the loss-making Giraffe chain.

The supermarket retailer is to also dispose of its Turkish chain Kipa, ostensibly to the Turkish supermarket chain Migros, for “a couple of hundred million pounds” an analyst told Sky News.

While the sums are modest, they represent another step in the trimming of Tesco’s diverse empire by its chief executive Dave Lewis, allowing management to focus on the core grocery business.