Clapham House Group – the company behind Gourmet Burger Kitchen (GBK) that yesterday revealed plans to raise £2.2m to fund the brand’s expansion – is in discussions with potential franchisees in China.
The group, which is to finance the expansion by a share placing, of which has half been purchased by Capricorn Ventures the backer of Nando’s, is also understood to be trying to find a partner in France.
It currently has 15 GBK franchised outlets in Ireland, Saudi Arabia, Turkey, Greece, Dubai and Oman.
Unveiling the share placing, Paul Campbell, Clapham’s chief executive, said: “We have already identified a number of locations which we believe have good potential for FY 2011 and 2012. This will drive the continuing growth of GBK, as well as creating employment opportunities within the company.”
