News > Business

Tragus feels the chill over festive period

By Mark Stretton , 24-Jan-2011

Related topics: Business, Trends & Reports, Restaurants

Café Rouge owner Tragus felt the chill over the Christmas period, with like-for-like sales across its restaurant estate down 3 per cent.

The Bella Italia owner blamed poor trading figures on the arctic December weather

The Bella Italia owner blamed poor trading figures on the arctic December weather

The group said customers’ inability to reach many of its 289 sites, which include the Bella Italia and Strada formats, inevitably hit its performance in what is a key period for the trade.

Ahead of the snow in the six months ended 28 November, group revenue increased 2.9 per cent.

Tragus opened four new restaurants in the first half of the year and said it remained on course to open 15 by May, the end of its current financial year.

It has also refreshed about a third of its 71-strong Strada estate to date and said it had seen strong trading at those updated sites as a result.

Tragus chief executive Graham Turner signalled the business would be looking for opportunities to expand through acquisition during 2011.

Turner added: “Given the continuing tight fiscal conditions in the UK and the increase in VAT that was effective at the start of January we remain cautious on the overall economic outlook for 2011.”

Mark Stretton is editor of BigHospitality’s sister publication, M&C Report .

BigHighlights

60-Second Skill: Pouring champagne

60-Second Skill: Pouring champagne

As demonstrated at the Moet UK Sommelier of the Year competition, champagne pouring requires skills and knowledge....

Mark Poynton: Pearls of Wisdom

Mark Poynton: Pearls of Wisdom

The British chef-patron of the Michelin-starred Alimentum and star of Great British Menu Mark Poynton talks about...

Interview with Glendola Leisure's Alexander Salussolia
Small Talk

Alexander Salussolia on Silk & Grain, market niches and nurturing future talent

Managing director of Glendola Leisure Alexander Salussolia joined the company in 1992 as an area manager, before...

60-Second Skill: Using #foodporn to your advantage

60-Second Skill: Using #foodporn to your advantage

Customers posting pictures of your food on social media is a trend you can't escape, but by...

Hospitality openings: July 2014

Hospitality openings: July 2014

Our latest round of up of the hottest hospitality openings includes Dev Biswal's new Ambrette in Canterbury, Wahaca's...

Gallery: Belsfield Hotel re-launches with Laura Ashley interiors

Gallery: Belsfield Hotel re-launches with Laura Ashley interiors

Laura Ashley has partnered with the Belsfield Hotel in the Lake District, seeing it undergo a complete...

Find us on Facebook

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition