Analysis

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French cuisine is shaped

11 min reading time

Published on 09/04/07 - Updated on 17/03/22

In France, the results of the major brands on the sector are encouraging. For example, with a turnover up by 9.6% to 305.6 million euros last year, and a profit excluding sales of 18.2 million euros (+80.3%), the steakhouse chain Buffalo Grill had an excellent year, putting to rest the bad memory of the "mad cow" episode and concern about bad health control. On the grill niche, Courtepaille reports doubledigit growth for its brand’s business volume (+11.5%), and 223.6 million euros in profit from its 182 restaurants (15 new units will be added in 2007). The same is true at Léon de Bruxelles, the leader in the mussels and fries segment, where the turnover for 2006 is up by +20.4% to 72.8 million euros. The brand has, moreover, resumed expansion with the March 2006 takeover of five restaurants from the chain Bodegon Colonial, to which may be added the creation of two new properties. Moreover, with 370 diners on average daily, they have reported business levels that are higher than forecasted. The group Flo, meanwhile, opened 21 restaurants in 2006, which brought it to a net operating margin of close to 8% with growth by 23.4%. Its two key brands are doing well: Bistro Romain has seen its turnover grow by 8.4 % to 70.7 million euros, and in 2006, Hippopotamus reached a business volume for its brand of close to 200 million euros (+20%).

More than the appearance of new concepts or the multiplication of openings, the main trend in the past two years has been the arrival of investment funds, who have been entering the game through takeovers. The American Colony the European Colizeo now own 80% of the capital in Buffalo Grill. CDC...

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