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Caffe Concerto owner sees increase in sales despite uncertain economic outlook

Caffe Concerto

The owner of London-headquartered Italian chain Caffe Concerto has seen an increase in sales.

Lux Management & Investments Group, which owns the chain and has also taken over 9 sites previously occupied by Patisserie Valerie, saw sales of £ 27.4 million in the year to August 2018, up 9.3%.

The firm has said it is very happy with the growth, particularly at a time when trading has been made difficult by the prospect of Brexit, stiff competition and an uncertain economic outlook.

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The chain also completed the £1.2 million renovation of its High Street Kensington store earlier in the month.

Speaking about the renovation, co-owner Mohammad Borjak said: “Part of being a successful business and brand is staying responsive to trends and innovating beyond consumer expectations.

“We have had wonderful comments from our faithful patrons and we’re happy that we can continue to pioneer the way in elegant high street dining by introducing new themes and ideas, while staying true to the Caffè Concerto ethos.”

The group has 18 Caffe Concerto sites in London in addition to one in Birmingham, and also recently filled space previously used by Patisserie Valerie at Debenhams with its Café de Pierre bistro brand.

Tags : Caffe ConcertoLux Management & Investments Groupsales growth
Patrick Cremona

The author Patrick Cremona

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