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

Carluccio's caffés to float at £53.6m

09 December 2005

Carluccio's, the chain of Italian café-cum-delis, has announced it will float on the Alternative Investment Market at 94.5p per share next Wednesday, valuing the company at £53.6m.

Founders Antonio and Priscilla Carluccio are set to make just under £10m from the sale, while managing director Simon Kossoff is expected to cash in half his shareholding to make £2m.

On admission, 49% of the company's issued share capital will be held by institutional investors and 21.7% by the chain's directors. The company is selling 56.7 million shares worth £26.5m.

Carluccio's executive chairman Stephen Gee, said: "I am delighted that so many of our original shareholders have decided to retain a shareholding and that institutions have demonstrated such a high level of enthusiasm for Carluccio's."

The first Carluccio's caffé and food shop opened in 1999. Shop numbers have doubled and turnover almost trebled since 2002.

by Jessica Gunn

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