Cabana, the award winning Brazilian restaurant group led by Jamie Barber, has secured a flagship site at AEG’s O2 Arena, M&C Report has learnt.
The five-strong group, which is looking to double in size this year, is thought to have fought off stiff competition to secured one of the former Inc Group units at the Arena for a 220-cover restaurant that will open later this spring.
Barber, chief executive of Cabana, told M&C Report : “We are delighted to have secured such a prestigious and high profile site. We look forward to working with AEG to bring the spirit of Brazil to Greenwich.”
The company plans to open double in size this year and will look to open its first site outside of the capital, after experiencing a strong start to the year.
Barber said that the group was “close on a few opportunities” regarding further openings in the capital and hoped to add one or two units outside over the next 18 months. Expansion for the foreseeable future will be financed by its current shareholder base.
He said that the group had had a good end to a “really good year” and that January had been very positive in terms of performance.
The brand will launch its first cookbook this May.
The group opened its biggest site, 5,000sq ft at the Designer Outlet Wembley last October.
Last summer summer, the company raised £3.5m of new funding, £2m through fundraising from existing shareholders, including Nick Leslau, and friends, plus a new £1.5m debt facility from HSBC.
Lunson Mitchenall is believed to have acted on the O2 deal.