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Tragus Group announces increase in turnover of 14.8 per cent

By BigHospitality Writer , 25-Sep-2006

Related topics: Business

Tragus Group has announced an increase in turnover of 14.8 per cent to £148.7m in the year ended May 2007. Like-for-like sales for the casual dining company were up 9.7 per cent. It had 236 restaurants by the end of the period, made up of ...

Tragus Group has announced an increase in turnover of 14.8 per cent to £148.7m in the year ended May 2007. Like-for-like sales for the casual dining company were up 9.7 per cent.

It had 236 restaurants by the end of the period, made up of Café Rouge, Bella Italia, Ortega and Strada, which the company acquired in May for £140m. About 30 new restaurants are planned for 2008, the majority of which will be the Café Rouge and Strada brands.

Tragus' Ma Potters concept is to be refurbished and renamed Potter's Bar & Kitchen, while new brand Huxleys Bar and Kitchen is due to open in March 2008 at Heathrow Terminal 5.

Chief Executive Graham Turner said, "This has been a year of considerable progress for our group, with strong performance in our Café Rouge and Bella Italia brands and the exciting recent acquisition of Strada. Additionally, we have successfully transitioned to ownership under Blackstone, which will provide new opportunities for the group. We are looking forward to growing the Strada and Café Rouge brands across the UK."

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