Le Bistrot Pierre to 'accelerate' expansion with Livingbridge funding

By Emma Eversham contact

- Last updated on GMT

John Whitehead (left) and Robert Beacham, co-managing directors of Le Bistrot Pierre
John Whitehead (left) and Robert Beacham, co-managing directors of Le Bistrot Pierre

Related tags: Le bistrot pierre, Management

French restaurant chain Le Bistrot Pierre is planning to 'accelerate its restaurant rollout plans' after receiving a £9.8m investment from private equity firm Livingbridge. 

The company, established as a franchise restaurant in Nottingham in 1994 by Robert Beacham and John Whitehead, currently operates 14 sites across the UK and has already earmarked two sites in Birmingham and Swansea to open next year. 

Co-managing director Whitehead said: “We are excited by Livingbridge’s endorsement of our business and with their investment look forward to expanding our estate and opening more successful bistrots. The whole process leading up to the deal has been smooth and we are now relishing the new years of growth with our partners.” 

Le Bistrot Pierre delivered revenues of £18m and profits of £2m this year. Whitehead said the Livingbridge investment would optimise its current estate and accelerate expansion plans.  

Benoit Broch, director at mid-market private equity business Livingbridge, said:“Bistrot Pierre is precisely the sort of business that we love working with – they have a fantastic management team, a proven business model and a really differentiated offering and we are really excited about our future partnership with them having had the pleasure of getting to know Robert, John and the team over the past year." 

 

Related news

Show more

Related products

show more

Restaurant magazine – digital edition

Restaurant magazine – digital edition

William Reed Business Media | 01-May-2020 | Sponsored Link

In light of the current circumstances and many businesses being closed during this period, Restaurant magazine will temporarily be going digital only....

2020 UK Restaurant Industry Technology Report

2020 UK Restaurant Industry Technology Report

SevenRooms | 24-Feb-2020 | Technical / White Paper

The continued squeeze on operator margins means restaurants on the High Street must provide unique, differentiated offerings to attract customers.

Restaurant Media Pack 2020

Restaurant Media Pack 2020

William Reed Business Media | 27-Jan-2020 | Technical / White Paper

The Restaurant portfolio continues to be the essential source of news and information for those working within the restaurant industry, helping to navigate...

Your Guide to Understanding the Latest Tech Trends

Your Guide to Understanding the Latest Tech Trends

SevenRooms | 03-Dec-2019 | Technical / White Paper

With more customers using technology to interact with restaurants, it’s unsurprising that 95% of restaurateurs agree that technology improves business...

Related suppliers

Spotlight

Follow us

Hospitality Guides

View more

Featured Suppliers

All suppliers