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Gourmet Holdings tastes a profit

From The Publican

01-Oct-2004

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."

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