Carluccio's profits and expansion plans on track after strong Christmas trading

30 January 2007 by
Carluccio's profits and expansion plans on track after strong Christmas trading

Italian restaurant and food shop group Carluccio's has performed well over the Christmas period and is on track with its expansion plans, it said today.

The company reported a 22% rise in turnover for the 16 weeks to 14 January, in line with expectations, and said its minimum five-store opening target for the 2007 financial year is on course.

Carluccio's recently opened two new sites in London, at the Brunswick centre in Bloomsbury and in Spitalfields, with a third opening, in the Trafford Centre in Manchester and fourth in Walton-on-Thames scheduled for the summer.

The fifth opening will comprise a new larger store in Covent Garden, which will include a full restaurant and retail offering and is scheduled to open later on in the year.

In addition, Carluccio's said it secured an additional site in Quakers Friars, Bristol. The long-term development expected to open in the 2008/09 financial year.

by Kerstin Kuhn

Carluccio's to no longer publish like-for-like sales figures>>" target="_blank" rel="noreferrer">Carluccio's caffés to float at £53.6m>>

Carluccio's website>>

Simon Kossoff profile>>

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