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Richard Caring considering sale of Côte restaurant chain

22 October 2012 by

Richard Caring is reported to be considering the sale of French brasserie chain Côte.

The restaurant chain is close to appointing a corporate finance firm called Hawkpoint to review the business's options after receiving several unsolicited approaches, according to the Sunday Times.

A deal could see the 35-strong chain, founded in 2007, change hands for more than £100m.

Harald Samuelsson, Côte's joint managing director, told the paper: "We are not currently exploring a sale. Successful companies regularly receive approaches."

By Neil Gerrard

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