Tweet
A stock market flotation for the restaurant business of Laurel Pub Company, including La Tasca, Slug and Lettuce and Ha Ha bar & grill, is “an option” for its owner Robert Tchenguiz.
A spokeswoman for Laurel told Caterersearch that weekend reports linking Laurel’s restaurant division with a public flotation valuing the company at £400m were “fairly speculative”.
She added the company was currently undergoing a restructuring process that included increasing the size of its recently acquired La Tasca estate as well as converting Hogs Head pubs into the more food-led Slug and Lettuce brand.
If a flotation goes ahead it is not expected to be before its rival Tragus Holdings, whom it beat in a bidding war for La Tasca earlier this year, takes the same course of action.
Robert Tchenguiz in £400m plan to list restaurants (The Sunday Times) >>
Stock market flotation remains an option for Café Rouge owner >>Laurel plans more Slug and Lettuce openings >>Laurel plans high street brand blitz >>Laurel expects merger to deliver 70% increase in food sales >>
By Christopher Walton
E-mail your comments to Christopher Walton here.
In this week’s issue, guest edited by Raymond Blanc, we explore the important roles of housekeepers.
Watch here
15 May 2012
11 Apr 2012
22 May 2012
25 May 2012
23 Mar 2009
Best of Chef – now available online View it now
23 Feb 2009
05 Jan 2009
18 May 2012
24 May 2012
21 May 2012