Restaurant group Fulham Shore yesterday revealed that it will expand the Franco Manca restaurant chain that it owns outside of London in 2016.
The Neapolitan sourdough pizza brand currently has 18 London sites, with branches in Earls Court, Bermondsey and Wimbledon opening since September and a new store in Stoke Newington currently being fitted out ahead of a March launch. Franco Manca has also secured space at the Nova Victoria retail development behind Buckingham Palace.
But management are keen to grow the chain regionally and have outlined plans to make Brighton and Guildford their first two sites outside of the capital.
Fulham Shore chairman, David Page, confirmed that contracts have already been exchanged on what he calls “fantastic” locations.
“The Board continues to look for new sites, as well as investing in the group’s operational team to support the future growth of our restaurant endeavours,” he said. “This will necessarily lead to our administrative costs increasing after the current financial year as we grow our business.”
Fulham Shore acquired 99% of the issued share capital of Franco Manca Holdings Limited in April this year. It paid £27.5m made up of £6.2m in cash and £21.3m by the issue of 193.5m ordinary shares in Fulham Shore.
As well Franco Manca, Fulham Shore owns The Real Greek restaurant chain and recently agreed a franchise deal to launch a Bukowski Grill restaurant in London.