La Tasca acquires former Paramount restaurant with ‘one more in the pipeline’

By Luke Nicholls

- Last updated on GMT

Related tags: La tasca, Tapas

The new restaurant will be transformed to the chain’s new concept of La Tasca, Spanish Tapas Bar & Kitchen
The new restaurant will be transformed to the chain’s new concept of La Tasca, Spanish Tapas Bar & Kitchen
Spanish restaurant chain La Tasca has bought the Brasserie Gérard restaurant in Newbury from the administrators of Paramount Restaurants, with plans for further expansion throughout 2012.

The 90-cover restaurant will close for one week at the end of February, to be transformed to the chain’s new concept​of La Tasca, Spanish Tapas Bar & Kitchen​. This is the latest acquisition of a Paramount Restaurants site following the group’s fall into administration last November​.

And La Tasca’s expansion won’t stop here, according to chief executive Simon Wilkinson. Speaking to BigHospitality, Wilkinson said: “We have one other acquisition in the pipeline. We don’t set a target number of sites as that can lead to irrational decisions – but we add when the opportunity arises.

Expansion plans

“Funding behind our expansion was agreed in March 2011. Newbury is a target town for us in terms of its demographics and the Market Square is a prime location.”

“The market is challenging but we are very excited about our plans for 2012. We are careful and cautious on locations.”

Fellow restaurant chain Prezzo was the last group to acquire Paramount sites, taking three Café Uno properties in December​.

While revealing no specific details, La Tasca expect to acquire more restaurants throughout 2012, while more of the current estate will be transformed to the new concept.

Related topics: Business, Venues, Restaurants

Related news

Show more

Spotlight

Follow us

Hospitality Guides

View more

Featured Suppliers

All suppliers