D&D London announces strong December results

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Other: Business

Restaurant group D&D London has announced a 4.2% increase in UK like-for-like sales for December 2015.

Following the group’s successful 2014-15 financial year with revenues of £103.5m (up 12.7% on the previous year), UK like-for-like sales for the nine months to the end of December remained strong with a healthy 4.4% increase.

D&D London which owns and operates venues across London, Leeds, Paris, New York and Tokyo, saw strong performances in its London establishments, particularly Quaglino’s and Avenue in the West End, as well as Madison, Coq d’Argent and Paternoster Chop House in the City. The group’s Crafthouse and Angelica restaurants in Leeds both managed to achieve sales in line with the previous year, despite the impact of floods in the area last December.

The group also saw increased growth in luxury spends, with notable sales of champagne and sparkling wines, up +20%.

Chairman and CEO Des Gunewardena commented: ‘It was good to see strong Christmas trading across the group. As we reported last year, growth in revenues came from both the City and West End restaurants. We were particularly pleased with 4% underlying like-for-like sales growth given the strong prior year comparative.’

The group is hoping for significant contributions in the coming year from recent openings, such as German Gymnasium (pictured top) and the revamped Le Pont de la Tour and Sartoria. D&D will also reopen Floridita as 100 Wardour Street in London’s Soho on 28 January – it had been closed since last May following a fire.

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Joe Prout

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