Tweet
Tragus, operator of Café Rouge and Bella Italia, has reported strong trading during the Christmas period, following its sale to the Blackstone Group last month.
The group saw an 11.8% rise in total sales over the six week period before 7 January, with a 15% increase in like-for-like sales in London.
Weekly sales records were broken in 56 restaurants.
Tragus was sold by Legal and General Ventures to the Blackstone Group for £267m in December, increasing the Group’s potential overdraft from £20m to £40m.
Graham Turner, CEO of Tragus, said: “Our core brands are going from strength to strength and continue to benefit from the investment and operational initiatives we have undertaken.”
The success of the Café Rouge brand has prompted the group to consider doubling its number of sites, with five openings scheduled before June.
Café Rouge owner Tragus Holdings considers £200m stock market floatation >>LGV buys Tragus for more than £90m >>Tragus secures funds for expansion drive >>Tragus website >>
By Alex Blakelock
E-mail your comments to Alex Blakelock here.
Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.
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