La Tasca plans 12-14 refurbishments before Christmas

27 August 2013 by
La Tasca plans 12-14 refurbishments before Christmas

Spanish restaurant group La Tasca plans to have completely refurbished 12 to 14 of its restaurants across the country before its peak Christmas trading period.

The company said it would close one a week until mid-November to prepare for the festive season and also has plans for acquisitions in the pipeline, as well as two potential franchise deals on the table, amid "very buoyant" trading.

The business, which has 50 sites, enjoyed like-for-like EBITDA growth in the UK of over 125% after five months, as well as 14 out of 17 weeks of consecutive like-for-like sales growth, according to chief executive Simon Wilkinson.

It is now nine months since the company underwent a Company Voluntary Arrangement (CVA) and the business has been in like-for-like EBITDA growth ever since, only dipping when the snow hit in March.

Wilkinson said: "During the second week of September the whole company are in Logrono Spain for our annual conference. It will be a large celebration on the back of great trading results.

"As well as celebrating we will be sharing our vision and exciting plans for the future. Our employee turnover is at record lows and we are seeing daily approaches from good people within the industry who are hearing great things from our employees about the culture we have cultivated and they too want be a part of our Spanish revolution."

La Tasca set to launch new ‘independent' tapas bar format >>

La Tasca to spend on estate redevelopment after successful CVA >>

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