Like-for-like revenue generated by Coppa Club was up 0.5% against the same nine-week period in 2019, while its Italian restaurant Tavolino and other venues in London have seen strong trading as footfall in the capital recovers, the company has reported.
The all-day club, restaurant, and hotel operator which is backed by Hugh Osmond announced a 439% year-on-year increase in total group revenue to £17.8m for the period. Overall trading has been in line with expectations apart from the Plan B restrictions imposed during the holiday period, it says
Various Eateries opened two sites – Coppa Club Putney and pasta concept Noci with former Bancone head chef Louis Korovilas – during the period and currently operates 15 sites, with Coppa Club Bath slated to open in late summer. The group reported it is continuing its site roll-out, with several sites are under negotiation or consideration.
“Across what has been another volatile trading period, the board and I are delighted to see that our sites remain highly appealing to consumers, have been embraced by local communities and are becoming important social hubs," says CEO Yishay Malkov.
“Trading performance has been positive, and we are pleased to see our new sites are delivering in line with our expectations.
“As pandemic-related restrictions dissipate, our team is now working hard to mitigate the impact of rising cost pressures, inflation, and elevated uncertainty.”