Clapham House Group sees 2009 sales rise but profits drop

By Emma Eversham

- Last updated on GMT

Related tags: Gourmet burger kitchen, Economics

The Real Greek benefitted from targeted promotions and marketing partnerships
The Real Greek benefitted from targeted promotions and marketing partnerships
Clapham House Group, owner of Gourmet Burger Kitchen and The Real Greek, sees sales increase but its profits drop during the first half of the financial year

Clapham House Group, owner of Gourmet Burger Kitchen and The Real Greek saw its sales increase by 13 per cent to £22.5m in the first half of the financial year, but failed to make a profit with pre-tax profits dropping from £1.5m to £1.3m

David Page, executive chairman of the company, which handed its chain Tootsies over to administrators in October​, said despite the 'difficult economic environment' CHG was 'pleased' to have reported sales growth for the six months to 27 September.

"We are now focused on two robust, growing and cash generative restaurant businesses that are set to benefit as the UK economic environment improves," he said.

Page said the company had restricted new openings this year to the 'strongest locations' with GBK's opening at Bluewater and Clink Street in London. He said there would be no new openings in the second half of this financial year and was anticipating a small number of openings next year.

Page said the the company has so far resisted deep discounting, instead relying on targeted online promotions and marketing partnerships with newspapers, charities and national retailers to attract customers.

Related topics: Business

Spotlight

Follow us

Hospitality Guides

View more

Featured Suppliers

All suppliers