Tragus set to push tapas brand openings

03 August 2006
Tragus set to push tapas brand openings

Tragus is to convert the Leadenhall Wine and Tapas Bar in London into its second Spanish tapas restaurant and bar, Ortega. A third site in London is also likely to be a conversion of one of the group's existing high-street eateries.

Café Rouge owner Tragus launched the fledgling brand in Harlow, Essex, at the start of July, converting a former Bella Italia into a 132-seat restaurant and bar. It is planning a fourth pilot site before assessing Ortega's performance, to see if it can be rolled out as its third national brand.

Reporting full-year sales to 28 May, Tragus said that turnover had increased by 11.1% to £130m thanks to sales growth at its existing 160-strong estate and to 12 new openings.

Earnings before interest, tax, depreciation and amortisation - a measure of a company's underlying profitability - leapt by 32% to £22m.

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