Vital Ingredient, the LDC-backed, healthy food-to-go concept, has confirmed it has secured two further sites in the City.
The company, which plans to add up to six to eight stores in total this year, has secured units at 1 Gresham Street and 119-121 Middlesex Street for openings this summer.
Managing director Paolo Peretti told MCA that the 17-strong group will start fit out of the two City locations shortly and hopes to have them both open in late July.
He said: “We are in progress with a number of additional locations and remain confident of hitting our new store opening target for 2016. We are in the process of building a very healthy pipeline of new locations and as we have the funds in place we are on track to double the size of the estate during the lifetime of the deal.”
Earlier this spring, private equity firm LDC backed the management buyout of Vital Ingredient, as part of a £12m funding package that will support the expansion of the business.
The group plans to use the new investment to more than double the number of its sites to at least 35 over next three years, including exploring opportunities outside the capital.