Gourmet Burger Kitchen owner says eating out market remains volatile
Gourmet Burger Kitchen (GBK) owner Clapham House has warned of remaining volatility in the UK eating out market, despite an increased appetite from consumers to dine out in recent weeks.
In a statement released ahead of the company's annual general meeting today, chairman David Page said: "The UK trading environment and outlook remain challenging and although August has shown signs of a return to the improved pre-World Cup sales trends, weekly performance remains volatile."
Page added that the roll-out of GBK was continuing well, with a new site open in Nottingham and two further sites under construction. One at the O2 complex in Greenwich will open later today, and one at the Trafford Centre in Manchester will open next month.
Clapham House said there was no update in regard to the potential offer it had received for the company in July, other than discussions were continuing.
The approach is believed to be from private equity firm and existing Clapham House shareholder Capricorn Ventures, which also owns chicken chain Nando's.
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By Chris Druce
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