Caffe Concerto to open in Leicester Square
Caffe Concerto is to open in Leicester Square, London, following a deal to take over a Cafe Rouge site.
The Italian-themed restaurant will move into Cafe Rouge's 5,000 sq ft space at 17-18 Irving Street in November.
Since launching in London's Regent Street in 1996, Caffe Concerto has expanded into 17 locations across the UK.
Earlier this month, Cafe Rouge owner Tragus Group announced the completion of an organisational and financial restructuring and said it would refocus its operations on Cafe Rouge and Bella Italia, and reduce its debt burden from £258m to £91m.
In June, Tragus, which has 292 outlets, arranged a Company Voluntary Arrangement (CVA) with three of its brands - Bella Italia Restaurants, Cafe Rouge and Cafe Rouge Restaurants. It is believed that it organised the CVAs with the aim of exiting 30-40 uneconomic leases for Bella Italia and Cafe Rouge sites.
Shelley Sandzer acted for Cafe Rouge and Tim Kouridis acted for Caffe Concerto.
Nick Weir, joint managing partner at Shelley Sandzer, said: "The Cafe Rouge site is located in a highly popular restaurant location in central London and was the perfect opportunity for us to negotiate a great deal with Caffe Concerto on behalf of our client."
