Search
The Caterer

Ottolenghi to open biggest restaurant yet as profits grow

04 January 2018 by
Ottolenghi to open biggest restaurant yet as profits grow

Mediterranean restaurant and delicatessen business Ottolenghi is set to open its biggest outlet yet in London's Fitzrovia.

The news was revealed as the group posted pre-tax profit increases of more than 30%.

In its annual report lodged at Companies House, the company said it had signed a lease for a site in Wells Street.

The venue, close to London's theatre district, will feature a menu "focused on vegetables and on produce brought directly from selected, outstanding farmers".

Plans for the interior, submitted to Westminster Council, show a large, central oval bar with substantial seating and a retail area.

Yotam Ottolenghi's group of restaurants, delicatessens and food outlets saw pre-tax profits increase to £1.1m in the 12 months to April 2017, up from £737,431 the previous year.

In the same period turnover increased by 5.4% to £17.2m, despite the group reporting that food price inflation had hit profits towards the end of the financial year.

The company has also expressed concern about Brexit, particularly the impact on labour supply and the performance of the UK economy.

Israeli-born Ottolenghi moved to London in 1998 and trained at Cordon Bleu before working as a pastry chef at the Capital restaurant in Knightsbridge and Kensington Place. He then moved to the Baker and Spice shop in Chelsea, where he became head pastry chef.

In 2002, he teamed with Noam Bar, Sami Tamimi and Jim Webb to set up Ottolenghi, which now has restaurants in Belgravia, Spitalfields, Islington and Notting Hill, as well as Nopi in the West End.

Former Nopi head chef Ramael Scully to open first restaurant>>

Yotam Ottolenghi opens Nopi >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

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.