Renowned London restaurant Bob Bob Ricard has secured a working capital funding package from alternative lender ThinCats in order to support the reopening of its two venues.

The original Soho site, opened in 2008 by Leonid Shutov, reopened earlier this year, however its second site, located in the Leadenhall Building in the City is not due to reopen until September.

The restrictions imposed on the hospitality sector resulted in the need for additional working capital in the business, which ThinCats provided in the form of an undisclosed sum.

Leonid Shutov, CEO, Bob Bob Ricard: “This has been a very difficult time for the hospitality industry, but we are seeing a huge resurgence in bookings now that the restrictions are lifting, and we have very high hopes not only for a return to our previous levels of business, but in fact signs are good for even higher numbers of people looking for our unique combination of private booths, great food and champagne on tap.”

The restaurant serves a classic British and Russian menu from its Soho site and a French and Russian menu from its site in the City. Both locations feature Bob Bob Ricard’s famous ‘press for champagne’ button with its booth filled dining rooms.

Shutov is also due to open Bob Bob Ricard Tokyo in 2023.