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IPO an option for Laurel restaurant business

05 November 2007 by
IPO an option for Laurel restaurant business

A stock market flotation for the restaurant business of Laurel Pub Company, including La Tasca, Slug and Lettuce and Ha Ha bar & grill, is "an option" for its owner Robert Tchenguiz.

A spokeswoman for Laurel told Caterersearch that weekend reports linking Laurel's restaurant division with a public flotation valuing the company at £400m were "fairly speculative".

She added the company was currently undergoing a restructuring process that included increasing the size of its recently acquired La Tasca estate as well as converting Hogs Head pubs into the more food-led Slug and Lettuce brand.

If a flotation goes ahead it is not expected to be before its rival Tragus Holdings, whom it beat in a bidding war for La Tasca earlier this year, takes the same course of action.

Robert Tchenguiz in £400m plan to list restaurants (The Sunday Times) >>

Stock market flotation remains an option for Café Rouge owner >>

Laurel plans more Slug and Lettuce openings >>

Laurel plans high street brand blitz >>

Laurel expects merger to deliver 70% increase in food sales >>

By Christopher Walton

E-mail your comments to Christopher Walton](mailto:Christopher.Walton@rbi.co.uk?subject=IPO an option for Laurel restaurant business) here.

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