Cote, the BC Partners-backed restaurant group, has confirmed it is exploring options for its two sub brands – Jackson & Rye and Limeyard.
The c90-strong group has been increasingly focusing on its core estate over the last six months, and has already closed two Jackson & Rye sites in Guildford and Kingston.
MCA understands the company has placed the Jackson & Rye sites in Soho’s Wardour Street and Chiswick on the market, but plans for the time being to keep the remaining restaurants under the brand in Old Jewry in the City and in Richmond.
It currently operates Limeyards in Ealing and Staines, whilst a third proposed site in Woking ahs yet to come online
A Cote spokesman said: “As a result of recent and well-documented headwinds for the restaurant sector, we have taken the decision to explore a range of options for a very small number of Jackson & Rye and Limeyard restaurants. In some instances we have closed or sold outlets and we are working hard to find viable options for others while continuing to support those that are trading well. Our Cote restaurants continue to perform well, which is testament to the strength of that offer in what remains a very challenging environment.”
Cote acquired Jackson & Rye in January 2016 alongside all-day California kitchen brand Limeyard, which has sites in Ealing and Staines, from its former backer Richard Caring.