Clapham Clears Its Way to Sell Tootsies
Tuesday, July 7, 2009 16:23
The restaurant group—Clapham House, has been urged to narrow its brand focus. The company has bitten more than it chew with its Tootsies chain of 23 Burger upscale bars.
The company has the ground for a possible sale by wiping £ 24m value of the Brasseries broke the group on a full year loss. Clapham, which is also the name behind Gourmet Burger Kitchen and The Real Greek, has been hit hard by the consumer as a result. Diners stayed at home to the cash and the Tootsies outlets, which are mainly in busy shopping streets, have borne the brunt of the downturn in the retail sector.
At Clapham, a series of actions used to attract customers dented profits. The company swung into the red with a £ 26m loss of 1.3 million pounds profit before. The shares fell 4p to 68p, but analysts say the group remains cash generative.
Related posts:
- How to Sell Your Car for More
When it comes to the time of selling your... - Vodafone to Sell Its Stake in China Mobile
The British company–Vodafone Group has bought its stake in China... - CVC to Sell Its Magazines Business
Following a failed attempt in 2011 to seek a deal... - Barclays’ Plan to Sell Equity Arm
It has been reported that, in a bid to strengthen... - Global Radia to Sell Five Midlands Radio Station
The UK’s biggest commercial radio business—Global Radia, which owns Heart,...
