Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Brasserie Bar Co hails ‘watershed year' as losses slashed by £3m

17 January 2020 by
Brasserie Bar Co hails ‘watershed year' as losses slashed by £3m

Raymond Blanc's Brasserie Bar Co has described 2019 as "a watershed" year that saw it shift emphasis from casual dining to food-led pubs, cutting losses by more than £3m.

In financial results for the year to 30 June 2019 the group, which includes the White Brasserie pub portfolio and Brasserie Blanc restaurants, reported that revenue had increased by 6.7% to £57.8m.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was up 15.2% to £4m, and group loss after tax improved from £9.4m to £6.2m.

In the results, filed with Companies House, the group said: "As something of a watershed, 2019 will best be remembered as the year in which the company achieved its transformation into the market-leading, food-led pub company."

It said that while congested high streets were continuing to prove "extremely difficult", the group said its strategy of taking "under-invested and hence under-performing pub sites in sophisticated areas has proven to be highly successful", adding that "in the most part we are tripling existing trade".

Two high street restaurants were closed in the period and the group is continuing to look towards in-hotel restaurants for any future expansion, describing it as a "promising market".

Two pubs were opened in the period and the group's portfolio now amounts to 19 pubs and 18 brasseries, with the former making up 50% of total revenue. .

Continue reading

You need to create an account to read this article. It's free and only requires a few basic details.

Already subscribed?

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking