No Brexit hangover for Le Pain Quotidien as UK sales hit £38m

Le Pain Quotiden plans first out-of-London site.

Cafe and bakery chain Le Pain Quotidien increased its UK turnover 11% by to £38.2m last year, it annual accounts show.

The company opened three stores in 2016, taking its estate to 28 units. Pre-tax profits fell from £987,000 to £907,000.

“This year increasing sales and maintaining margin has been the primary focus,” the directors of the company said in its strategic report. “Gross profit margin was within expectations at 19.6%, slightly down from 20.15% in 2015.”

Bosses said they would pay a dividend of £543,166 to the company’s parent, PQ Licensing SA, an entity incorporated in Belgium. The year before it paid out a dividend of £611,191.

The business was founded by Alain Coumont, who as a young chef in Brussels could not find the right bread to serve in his restaurant.

Passionate about quality, he returned to his roots and decided to make it himself. In 1990 he opened a small bakery where he could knead flour, salt and water into what have become his signature rustic loaves.

Today Le Pain Quotidien operations more than 200 locations across five continents.

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