Search
The Caterer

Recovery at Paramount sparks expansion plans

04 October 2004
Recovery at Paramount sparks expansion plans

Chez Gérard owner Paramount has announced plans to expand its chain of restaurants both in and outside London, following a successful turnaround of the business.

Earlier this week the group posted a 5.6% increase in turnover to £31.2m for the 12 months to 27 June, with pre-tax profit reaching £1.8m, up from a loss of £230,000 in 2003.

Chief executive Nick Basing said Paramount was now focused on expanding its Chez Gérard and Bertorelli restaurants in London, where it was in advanced negotiations on a number of new sites.

The group also plans to expand its two new restaurant formats, Brasserie Chez Gérard and Caff‚ Bertorelli, outside the capital.

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.