TLG nets £10m package to take open kitchen concept nationwide

Thaikhun

Thai Leisure Group (TLG) is aiming to launch new restaurants complete with flagship open kitchens after securing funding from banking partner Santander worth £10m.

The group plans to take its fine dining brand Chaophraya and street-food inspired outlet Thaikhun nationwide following the investment.

Thaikhun is a casual dining experience built around an open kitchen that showcases the freshly prepared food it offers. The concept will be adaptable to fit in different locations, such as shopping centres, high streets and affluent suburbs.

TLG already has a presence in the north and Scotland but intends to strengthen its coverage in the south of England.

New stores will open in Oxford and Cambridge over the next two months, with more to follow this year. A further eight are targeted for 2016, taking the number of restaurants that TLG it operates to well over 20.

Palm Sugar Bars, Chaobaby and Yee Rah are also part of TLG, which operates with a turnover of £20m and EBITDA of £3m.

TLG started life in Leeds and is co-owned by Martin Stead and Kim Kaewraikhot, who is also chef director.

Steve Harrison, growth capital director, Santander Corporate & Commercial, said: “This is the third round of funding provided from Santander’s Growth Capital Fund in the space of four years which is testament to Thai Leisure Group’s success and the rate at which the business is expanding. The business is one of the fastest growing and exciting in the sector with huge potential for future growth.”

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