Ian Edward, the corporate adviser to the eating and drinking-out market and former non-executive director of Geronimo Inns and La Tasca, is to become the new chairman of Brasserie Bar Co, the company behind the Raymond Blanc-inspired Brasserie Blanc and White Brasserie Company, M&C Report understands.
After eight years as chairman of Brasserie Bar Co, Ian Glyn will hand over the chairmanship to Edward, who has been a non-executive director of the company since November 2011. Glyn will remain as a non-executive director of the group.
Edward has advised on several restaurant transactions including Loch Fyne, Living Room and Caffe Uno.
The company, which will open its 20th Brasserie Blanc this weekend in Beaconsfield, has reported turnover and restaurant EBITDA of £30.7m and £5m for the period to 30 June 2013, representing an increase of 84% and 82% respectively on the previous year. It said that the year to date has been a strong one with the group trading well.
The improvement in performance reflects in part the increased contribution from the former Chez Gerard sites which were converted to Brasserie Blanc restaurants during 2012/13.
Mark Derry, chief executive of Brasserie Bar Co, said: “2013 was a transformational year for the company with the new London sites coming on stream and contributing to some excellent results. Our restaurants located outside London also performed well. Regarding outlook, the year to date has been a strong one with the group trading well. We successfully raised finance through ESO Capital to enable growth and refurbishments for the brasseries and pub expansion within The White Brasserie Company and we have opened our 20th Brassiere Blanc in Beaconsfield which represents an exciting evolution of the brand.
“I would like to extend my thanks to Ian Glyn for his important contribution in steering the company through what has been a period of considerable change and growth and a huge welcome to Ian Edward as our new chairman.”
Earlier this year, the group secured £13.5m of new funding to support the expansion of the group by at least 20 new sites over the next three years.
It secured the investment, which will be used primarily to develop the White Brasserie pub concept, from ESO Capital Group, a firm that specialises in providing tailor-made capital solutions to small- and medium-sized companies across Europe.
The 5,000sq ft Beaconsfield site, which is located just off the town’s high street, will feature an evolved take on the brand’s design and offer. It will reflect a slightly more casual and contemporary feel but with all the “facilities and comfort customers expect from the Raymond Blanc-inspired brand”.
Brasserie Bar Co plans to concentrate on upgrading the Blanc estate over the coming few years, whilst adding one or two sites a year to the brand’s portfolio.