Tampopo surrenders leases on Bristol and Reading sites

08 June 2015 by
Tampopo surrenders leases on Bristol and Reading sites

Tampopo Reading

Pan-Asian casual dining restaurant group Tampopo has surrendered the leases on two of its restaurants, in Bristol and Reading.

The group, founded by David Fox and Nick Jeffrey, currently runs five sites under the Tampopo brand, but will cease to operate its Bristol venue at the Cabot Circus shopping centre and its Reading eaterie at the Oracle shopping centre at the end of this month.

Fox said the company had taken the decision after it had been offered "significant premiums" for both the restaurants that it could not refuse.

He said that the remaining Tampopo sites, all of which are in Manchester, were trading well, with cumulative like-for-like sales up 10% since July 2014, and also up 10% since January 2015 to date.

"This demonstrates a good underlying business that is becoming more profitable as a result of recent changes to operations and infrastructure," Fox said.

"We will continue to trade from the Bristol and Reading units until the end of June 2015. The decision to sell the leases in no way reflects upon the ability of the teams at Bristol and Reading and I would like to thank them for all their hard work," he added.

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