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

Italian restaurant group Carluccio's looks to the North for latest expansion

05 December 2006 by

Italian restaurant and food shop group Carluccio's is to open its first store in the North in Manchester's Trafford Centre.

The 90-cover restaurant is earmarked for March 2007 launch, subject to completion of an extension at the massive shopping complex.

The company opened a Carluccio's at the start of its new financial year in October at London's Brunswick Centre and now has 28.

It will also launch new restaurants at London's Spitalfields (7 December), Walton-on-Thames and London's Covent Garden during 2007.

Carluccio's managing director Simon Kossoff said research had shown at least 100 locations that the chain could expand to but for now growth would remain steady and concentrate on clusters of stores to keep area management straightforward.

"Although we feel Carluccio's would work anywhere in the UK, a location such as Edinburgh is still a flight away for now. But once we launch in Manchester we will be pursuing site opportunities in the surrounding area aggressively," he said.

Carluccio's joined the Alternative Investment market, part of the London Stock Exchange, on 14 December 2005 at a price of 94.5p per share. As of 1 December 2006 the share price was 77% higher at 167.5p per share.

Financial figures in the full year to 24 September 2006

Turnover: up 24% at £45.8m (2005: £36.8m)
Pre tax profit: up 6% at £3.4m (2005: £3.2m)
Adjusted pre-tax profit (excludes flotation costs): up 25% at £4.3m (2005: £3.5m)

Carluccio's website >>

Carluccio's to no longer publish like-for-like sales figures >>

By Chris Druce

E-mail your comments to Chris Druce here.

Get your copy of Caterer and Hotelkeeper every week -

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