Clapham House Group, operator of Gourmet Burger Kitchen (GBK), has reported an improved performance since the World Cup, but describes current trading as ‘volatile’.
In a statement ahead of its Annual General Meeting, Clapham House said that despite facing a challenging outlook, the group’s roll-out of its GBK brand is ‘progressing well’.
Two sites have now opened in Nottingham and the O2 Arena in Greenwich, with a further restaurant set to open in Manchester’s Trafford Centre in October. A fourth site has also been secured to open in the current financial year.
David Page, chairman of Clapham House, confirmed the group had received an approach for the company, which ‘may or may not’ lead to an offer being made.
“The Board remains in discussions with the potential offeror but there can be no certainty that an offer will be made for the Company or the terms on which such an offer may be made,” he said. “A further announcement will be made in due course, as appropriate.”
In July, the group, which also operates the Tootsies and The Real Greek brands, announced a pre-tax profit increase of £500k for the year ending 28 March 2010, compared to 2009.