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.

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media 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.

trade tracker pixel tracking