Orchid Group, the company formed by GI Partners, the US private equity firm, has announced it will re-open its Pacific Oriental restaurant in London this October after a £1.5m refurbishment and relocation.
The company, which has spent a total of £2.5m refurbishing its entire Oriental Restaurant Group estate over the last year, is relocating the Pacific Oriental to Threadneedle Street from Bishopsgate.
It has already spent £1m on refurbishing its Sri Siam City, Sri Thai Soho, Sri Thai City, Sri Nam and Imperial City restaurants in the capital, which all re-opened around the turn of the year.
Rufus Hall, chief executive of Orchid, said: “The refurbishment programme has already started to show positive results, with sales across the estate up 15 to 20%.”
The company, which also operates Gatwick Oriental, plans to open a further Pacific Oriental at Canary Wharf next year.
Hall said that the company would focus on a slow but gradual expansion of the group, concentrating on sites in London and the South East.
GI Partners acquired the Oriental Restaurant Group, as well as the Yellow River and Jim Thompson’s chains as part of its purchase of the majority of the Noble House Leisure business in May last year.
