(Alliance News) - Various Eateries PLC on Thursday said is fortunes since UK Covid-19 curbs eased have been "very encouraging".
Various Eateries said that compared to pre-Covid times, like-for-like revenue in its Coppa Club estate has risen 21% in the period between May 17, when it was allowed to fully re-open and October 3.
The owner, developer and operator of restaurants, clubhouses and hotels said several Coppa Club sites even saw record trading months.
"Despite being in the centre of London's office district, Tavolino also delivered a strong reopening performance, building to positive monthly like-for-like sales versus 2019 in September 2021," Various Eateries said.
Various Eateries is eyeing growing its estate. The group already plans to open a further substantial Coppa Club in November in Putney, London. It is also in the process of launching Coppa Club Haslemere, which is expected to open early in 2022.
"We have a highly experienced leadership team and a robust, established business; we are well funded, and we have a clear, compelling growth strategy that puts us in a strong position. We will continue to roll-out our concepts in a sensible and sustainable way, and are confident of growing Coppa Club and Tavolino into leading nationwide brands," Chief Executive Yishay Malkov said.
Various Eateries shares were up 4.6% and 80.50 pence in London on Thursday afternoon.
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Various Eat. (VARE)