Thai tapas restaurant chain Giggling Squid has said it plans to expand to up to 150 sites, as it revealed it was in talks with new investors.
The company, run by husband-and-wife team Andy and Pranee Laurillard, outlined the plans as it announced the purchase of its latest site, in Warwick. It currently runs 13 restaurants in total, located mostly in southern England. It opened new premises in Guildford and Billericay in August, and said it plans to look for new sites outside of city centre locations.
Giggling Squid said it is currently in funding talks with potential investors, to pave the way for the company’s next stage of growth, and is planning to open a head office in Horsham. The company said it had achieved rapid growth through outsourcing most of its administrative functions; but plans to recruit a financial director and finance team, alongside area managers, executive and development chefs plus posts in human resources, training and marketing, over the next 6 months. It opened its first site in Hove in 2009.