News Column

Blanc thinks bigger

February 17, 2014

KASMIRA JEFFORD



A CHAIN of restaurants named after French chef Raymond Blanc has secured 13.5m of funding to grow its gastropub brand.


Brasserie Bar Co, the owner of Brasserie Blanc restaurants, said today that the funds from private equity firm ESO Capital will be used mainly to expand its White Brasserie pub chain.


The group, which runs 19 Brasserie Blanc branches and two White Brasseries, wants to open 15 to 20 sites over the next three years.


"Our two existing sites at Teddington and Weybridge consistently out-perform the average UK pub with turnover in excess of 30,000 a week each," chief executive Mark Derry said.


"We are bullish about the potential for our pubs and we are actively looking for new sites which we can develop," he added.


Raymond Blanc is no longer director of Brasserie Blanc but still retains a stake and is actively involved in the business.


Private equity firm Core Capital remains the group's lead investor.


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Source: City A.M. (UK)


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