D&D London enjoyed strong sales in December, announcing results showing:
- UK like for like sales for December +4.2%
- UK like for like sales for 9 months to end December +4.4%
- Strong performances in December from Quaglino’s and Avenue in the West End, and from Madison, Coq D’Argent and Paternoster Chop House in the City.
- Successful launches of German Gymnasium in Kings Cross and of the newly refurbished Sartoria in Saville Row.
- Significant growth in spending on luxury items. Sales of champagne/sparkling wine, smoked salmon and beef fillet all +20%.
- Robust trading from Crafthouse and Angelica, the restaurants in Leeds which achieved sales in line with last year, despite impact of floods in the city and surrounding areas.
Des Gunewardena, Chairman and CEO of D&D London 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.
“We have also seen excellent performances from the restaurants we relaunched or acquired in 2014 (Quaglino’s, Madison and Avenue) and the successful recent openings of German Gymnasium and the revamped Le Pont de la Tour and Sartoria .These openings should contribute significantly to revenue growth in the coming year.
“And on January 28 we will be re-opening 100 Wardour Street in Soho which has undergone a major business remodelling and has a new interior by Russell Sage Studio. The site will include a restaurant, bar and lounge with all day dining and live music.”