Gourmet Holdings tastes a profit

From The Publican

Start a new thread01-Oct-2004

Related topics: Company & City News

Gourmet Holdings notched up a profit in the financial year which saw it transformed from a coffee bar operator into a gastropub business.

 

In the year to June 27, group profits were £0.8 million, compared to a £0.7 million loss the year before. At the end of the financial year, the former operator of the Madisons Coffee bar business added the Bel and the Dragon pub chain to its Richoux restaurant business.

 

Gourmet said Richoux has started the new financial year strongly, with like-for-like sales up by 5.2 per cent, while the Bel and the Dragon business "is being quickly integrated into our existing operating structure and the business continues to perform well."

 

Chairman Nigel Whittaker said: "We have successfully concluded our strategic objective to restructure the group into a restaurant operator."

Find us on Facebook

Spotlight

The cost of Premier League copyright violation

The cost of Premier League copyright violation

There is a saying that lightning never strikes twice in the same place, but if you are...

David Beckham to launch a whisky

David Beckham to launch a whisky

David Beckham is to launch a whisky in partnership with Diageo.

Explosion in e-cigarette use presents dilemma for pub operators
Feature

Explosion in e-cigarette use presents dilemma for pub operators

It’s the biggest thing to happen to smoking since the ban. Electronic cigarettes (or e-cigarettes) are on...

Speak up if you're suffering

Speak up if you're suffering

Depressed and overworked licensees should seek help, argues Pete Brown.

Follow us on