Restaurant group records first ever £1m gross takings day

Quaglinos

Restaurant operator D&D London did its first ever £1m gross takings day during Christmas on its way to recording its strongest ever December trading.

Overall revenues for December were some 20% up on the previous year, the company revealed, with UK like-for-like sales increasing 7%.

Solid performances from new and recently relaunched restaurants, including German Gymnasium, 100 Wardour Street, Bluebird and Sartoria, drove the growth.

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But established venues in London also played their part. Revenues at South Place Hotel and Quaglino’s both rose 12%, while Leeds Crafthouse and Angelica experienced an 8% increase.

New Year’s Eve was a particularly good date for the group, with its income up 14% against last year.

The company added that a “significant increase” in revenues at Alcazar in Paris, against weak prior year comparative, also boosted the numbers as registered its first ever £1m gross takings day.

Des Gunewardena, chairman and CEO of D&D London, said the company was very happy with December trading after what he described as a “topsy-turvy” year.

“We were especially pleased to see our new and recently relaunched restaurants doing so well. Despite an excellent end to 2016 we have no illusions about how challenging 2017 is likely to be, with continuing worries about Brexit and cost inflation on all fronts. However our restaurants are performing well. And the coming year is planned to be one of our busiest ever in terms of new openings.”

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