The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

TRG sells Caffé Uno

23 November 2005

The Restaurant Group (TRG) announced today that it has sold Caffé Uno to Craftbutton for £33m.

TRG's directors agreed to sell 53 of the 58 Caffé Uno restaurant sites to concentrate its business in the leisure and concession sector.

In a statement, the group said it was tough to make money from the competitive high street and that spending was becoming more focused on out of town locations with easy parking and access.

TRG chairman Alan Jackson said: "Consistent with the strategy set out in 2002, the sale of Caffé Uno will leave the group streamlined and focused on businesses that have demonstrated good growth.

"Non-high street and well situated locations, with higher barriers to entry, are where the opportunity for future growth lies."

TRG will now focus its core activities in the leisure and concessions markets.

Craftbutton trades as Paramount restaurants and operates the Chez Gerard, Café Fish, Livebait and Bertorelli's brands.

Paramount was brought by Craftbutton in May this year.

In 2004, Caffé Uno's turnover was £36.2m. The deal is expected to be completed by mid-December.

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
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 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.

trade tracker pixel tracking