Benito’s Hat restaurant group has appointed a new Chief Executive. Richard Baker joins Benito’s Hat from Garfunkel’s as the brand looks to further strengthen its estate this year following an additional investment of £1.3million from Calculus Capital, the UK-based private equity investor.
Prior to working as Senior Operations Manager for Garfunkel’s, Richard held the same position at TRG Concessions where he was for four years. The appointment follows the exit of Graham Ford who is moving on in May.
Founder Ben Fordham said: “Richard comes with a wealth of experience gleaned from a portfolio of restaurants that includes airport concessions. Over the past twelve months, we have successfully opened two new sites and improved like-for-like EBITDA by 24% year-to-date. Following another cash injection from our investors, the new appointment coincides with what promises to be an exciting year for Benito’s Hat, starting with a new opening at London Bridge this autumn.”
Benito’s Hat on Leadenhall Street opened last month, marking the second restaurant since the group secured the initial £1.4 million investment with the majority of funds coming from Calculus Capital last year, and the sixth restaurant in total.
About Benito’s Hat
Founded by former City tax lawyer Ben Fordham and chef, Felipe Fuentes Cruz, Benito’s Hat launched on Goodge Street in 2008, followed by Covent Garden in 2010, Great Castle Street in 2011, King’s Cross in 2012, Farringdon in 2013 and Leadenhall this year.
For more information click here
Find us on Facebook here
Follow us on Twitter @BenitosChat