Pesto eyes 10 more sites after funding boost

By M&C Report

- Last updated on GMT

Related tags: Lancashire, Greater manchester

Lord Peter Daresbury, the former head of pubs group Greenalls and ex-La Tasca finance director Martin Evans, have taken minor equity stakes in and joined the board of Pesto, the north west-based pub and restaurant chain owned by La Tasca founder Neil Gatt.

Gatt told M&C Report​ that the group, which is expected to turnover £10m in the year to June, had already lined up 10 further openings under its Pesto in a Pub format through a mixture of pub groups, including Spirit Leased and Punch.

He said: “As part of our planned expansion we have three sites lined up in Cheshire, two in Yorkshire, one in Lancashire and one on the Warwickshire/Leicestershire border. We are really pleased with the response to Pesto in a Pub concept and this new funding will help us roll it out further.

“We are delighted to welcome Peter and Martin to the team. There are few small companies that can boast the vast depth of experience and expertise that we now have sat in the board room. We are all focused on taking Pesto to the next level and beyond.

"Our menu, price point, quality and service style has been very successful to date and has proved particularly successful in our pub estate, which will form the basis of our growth strategy for the next year or two.”

Lord Daresbury will become a non-executive, while Evans will become Pesto's finance director.

Founded in 2008, Pesto currently has eight sites - two in Manchester (Deansgate and Trafford Centre), Glasgow and Liverpool One - and four pubs.

Related topics: MA Leaders Club, Other operators

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