Tao Group, a longtime creator of hot global nightlife brands and fine dining, has found harmony with billionaire Mark Scheinberg’s company Mohari. The latter has moved to acquire the hospitality giant in a deal that would value Tao Group at $550 million.
Tao Group has launched clubs, pop-ups and eateries like the eponymous Tao, the Michelin Star-awarded Hakkasan, Omnia, Marquee, Lavo and Beauty & Essex in multiple cities across the U.S. and internationally. The locations have been heavily favored by celebrities, media powerbrokers, sports stars and other gliteratti for over two decades. Tao is run by co-CEO’s Noah Tepperberg and Jason Strauss.
Mohari managing partner and former Four Seasons CEO J. Allen Smith called Tao an “innovator in nightlife to a leader in premium lifestyle and hospitality. Its global footprint of more than 80 branded locations in…
