Brasserie Bar Co says the investment from Core Capital will allow it to develop new sites over the next five years.
“This capital injection is testament to the resilience of our existing restaurants which are trading well and providing good returns on investment,” says Mark Derry, CEO of Brasserie Bar Co. ?We believe that this market is robust and offers good growth opportunities.
?While by no means immune to difficulties in the wider economy, operators in the premium casual dining sector who are able to offer quality of service and product continue to perform well. This, combined with the trend for eating out, which has become an established part of day-to-day life in the UK, means we are well positioned to roll out the business.
Brasserie Blanc, which currently has nine restaurants across the UK, will target selected provincial cities and towns as well as London for its expansion, while the White Brasserie Company, which has two pubs in Weybridge and Teddington, will focus on London and the South East.
Oxfordshire-based celebrity chef Raymond Blanc originally established the business as Le Petit Blanc before it went into administration in 2003. It was taken over by the management team behind the Loch Fyne restaurant chain: Jeremy Hardie, Mark Derry and Ian Glyn.
The group recently appointed former Loch Fyne chief financial officer Helen Melvin as finance director.