Cau plans four more restaurants before year end
Argentine restaurant brand Cau is to open another four restaurants before the end of the year, taking its portfolio to 17 sites.
The company, which is owned by the same shareholders that own Gaucho and was launched by Gaucho founders Zeev and Patsy Godik, currently has 12 UK sites and a thirteenth in Holland.
It is due to open its next site in Didsbury Village in Greater Manchester towards the end of next month, with further sites due to launch in Bath in October, and at 110 Queen Street in Glasgow later that month.
A fourth, unidentified site in the North West is also thought to be close to being signed, although no details are yet available.
The business, which is run by director Graham Hall, is predicted to generate turnover of £12m this calendar year.
Hall has previous stated that he expects Cau to become a 30- to 40-site business.
The company's ownership structure has changed several times, including a spell being listed on the stock market before Godik took it private again in 2002. But the company underwent a 2010 management buy-out backed by Intermediate Capital Group, and has expanded to 17 restaurants in London, Manchester and Leeds, as well as one each in Dubai, Hong Kong and Buenos Aires.
Sister brand Cau, which is operated as a separate business, was founded in 2011.
Cau targets 16 sites by end of 2015 >>
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