Cellar & Kitchen expands

- Last updated on GMT

Related tags: Retailer adnams, Suffolk, Jonathan adnams

Suffolk brewer and retailer Adnams plans to have 30 Cellar & Kitchen stores open by 2012 as part of a plan to more than double profits in the...

Suffolk brewer and retailer Adnams plans to have 30 Cellar & Kitchen stores open by 2012 as part of a plan to more than double profits in the next five years.

Adnams opened five Cellar & Kitchen stores in 2007 to bring its total to eight — it plans five more for this year.

The company is opening a new site in Richmond, south-west London, in two weeks. The site will also offer a café bar, an idea already trialed at the Saffron Walden outlet. Executive chairman Jonathan Adnams said: "There is no competitor in this area of the market — we're very excited."

The company is also opening a new flagship Cellar & Kitchen in Southwold, using the latest environmental building techniques.

The Cellar & Kitchen concept has "benefited from the growth in the UK wine market", the company said.

It reported that its brands had held volumes in an on-trade market down 6.5%. Turnover for the 12 months to 31 December 2007 was up 2.8% to £47.4m with pre-tax profit at £7.5m after property disposals. Net debt was down by around £4m to £10.9m.

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