The Caterer

Wolseley restaurant sales top £10m

05 November 2007 by
Wolseley restaurant sales top £10m

The Wolseley in Piccadilly has posted sales in excess of £10m for the past year and become one of London's top grossing restaurants.

Figures obtained by London's Evening Standard from the accounts of parent company Rex Restaurant Associates show that turnover rose by 8% at the West End Parisian brasserie to £10.28m for the year ending March 2007.

The restaurant, which was founded by former Ivy proprietors Chris Corbin and Jeremy King, produced a profit of £689,727 for the same period.

The figures do not enjoy the pair's latest venture, St Alban in Rex House, London.

By comparison Caprice Holdings, which owns Corbin and King's past venture The Ivy, had revenues of £22.5m from its eight restaurants last year.

Wolseley voted best in London >>

The Wolseley >>
Francesco Mazzei to open own restaurant >>

Evening Standard article >>
Chris Corbin and Jeremy King profile >>

By Christopher Walton

E-mail your comments to Christopher Walton]( restaurant sales top £10m) here.

[The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Thank you

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