Giraffe Restaurants announces record year in 2011/12
25 June 2012
Giraffe, the fast-growing national restaurant group, run by
Russel Joffe and backed by 3i and Risk Capital Partners,
today announces record annual profits and exciting plans
for further expansion.
Meadowhall and Stratford Westfield Shopping Malls Station;
first twelve weeks trade ahead of expectations ill brand,
restaurant opened late March 2012 UAE later this year -6
new sites expected to open this financial year; strong
pipeline of new sites available for further expansion and
acquisition
Commenting, Chairman Luke Johnson said: "This is
another strong performance from the Giraffe business. Our
brand will shortly be launched internationally with a site
in the UAE. UK expansion has continued this year with the
opening of five further sites. The Board are very pleased
with the early performance of giraffe STOP and the
expansion of the brand in to Travel Hubs. Despite the
continued growth in restaurants, there remain many
well-populated towns, cities, and Leisure Parks that
Giraffe plan to serve over the coming years. We continue to
enjoy a loyal following as a result of a great value menu
and legendary customer service."
Russel Joffe, Managing Director said: "We have again
expanded successfully, this year not just in the UK but
overseas for the first time, with a new partnership with
ELR. We are excited about the opportunities that the deal
with ELR will present over the coming years. We are now
almost at 50 UK sites. Our key focus this year is to
recruit and retain the best industry talent to support and
underpin our continued expansion, both nationally and
internationally."
Justin Maltz, Director, 3i said: "3i and RCP's
long term support for Russel and his team has seen the
business transformed from a high potential London
restaurant brand into a national - and now international -
restaurant group. The last year's performance has been
exceptional and we are very excited about the opportunities
for the business going forwards. It is a great example of
3i's success in acting as a minority partner to support
talented entrepreneurs in fulfilling their vision for
growth."
Enquiries
Luke Johnson 020 7554 9740
Russel Joffe 020 8457 2776
Notes to editors
Giraffe Concepts Limited is an award winning private
equity backed restaurant business. The main owners
alongside management are Risk Capital Partners and 3i.
Giraffe operates 47 Restaurants in the UK, five of which
are located in Airports
The management team is led by founder and Managing
Director Russel Joffe, two further founding Directors in
Andrew Jacobs (Operations Director) and Juliette Joffe,
as well as CFO Paul Viner.
3i is an international investor focused on Private
Equity, Infrastructure and Debt Management. Our rich mix
of international relationships, extensive experience,
on-the-ground knowledge and capital enables us to
identify market-leading businesses and contribute to
their success. Working in partnership, we support these
companies in achieving their goals. Through combining
these attributes, we create value for all our
stakeholders.
For more information, go to: www.3i.com
Risk Capital Partners (RCP) is the entrepreneurial
private equity firm founded by Luke Johnson. RCP backed
Giraffe and Russel Joffe in a development capital
transaction in 2004 when the group had just 7 sites. RCP
is keen to support other growing businesses and their
founders / management teams with its £75 million private
equity fund
Recommend:
