Italian restaurant chain and GS client San Carlo Group is at further openings on the back of the success of its Fumo and Cicchetti brands after revenue topped £45m, according to Insider Media.
Accounts filed under Templeton Holdings, the parent of San Carlo, revealed turnover reached £45.9m in the year to 30 September 2015, up from £39.3m a year earlier. Pre-tax profit also climbed to £2.6m from £2.1m in 2014.
The company said the growth was down to the openings of Cicchetti in Covent Garden and Fumo in Manchester during the year, adding the directors were “extremely pleased” with how successful the brands have become.
The San Carlo Group is also considering opening further Fumo restaurants in London and Liverpool.
Managing director Marcello Distefano also confirmed the group is considering sites in Birmingham and Leeds.
He told Insider Media: “The San Carlo Group continues to operate successfully through its different operations. San Carlo restaurants have performed well in an increasingly competitive market. The Cicchetti and Fumo brands have shown consistent growth and provide the focus of growth over the coming years.”