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Gaucho Holdings posts 3% sales increase

By Melodie Michel , 10-Sep-2014

Gaucho Holdings has posted a 3% increase in sales for 2013
Gaucho Holdings has posted a 3% increase in sales for 2013

Gaucho Holdings has posted a 3 per cent sales increase for 2013.

EBITDA fell from £10m in 2012 to £9.6m in 2013, and the firm cited ‘the pre-opening costs of new CAU openings and investment in central costs ahead of the CAU roll-out in 2014’ as reasons for the drop.

Gary Mann, finance director of Gaucho Holdings, said: “2014 is proving to be an exciting year with three CAU sites successfully opened (Tunbridge Wells, Kingston & Bristol) and two more to open before 31 December (in Wimbledon Village and Henley-On-Thames).”

In 2015 the Gaucho group will continue the roll-out of the CAU brand in the UK with at least five locations (including Liverpool, Reading and London); invest in the evolution of the Gaucho brand, which started with the refurbishment of its flagship restaurant in London; and pursue opportunities for both brands in the Middle East and Far East, with the first Gaucho in Hong Kong to open in mid-October 2014.

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