Fulham Shore PLC (The) AGM Statement and Trading Update (6245Y)
August 23 2018 - 2:00AM
UK Regulatory
TIDMFUL
RNS Number : 6245Y
Fulham Shore PLC (The)
23 August 2018
23 August 2018
The Fulham Shore plc
("Fulham Shore" or "the Company")
AGM Statement and Trading Update
At today's Annual General Meeting David Page, the Chairman of
the Company, will make the following statement:
Current trading
There have been encouraging revenue increases in both Franco
Manca and The Real Greek in the first 21 weeks of the financial
year. The increased revenue has been generated predominantly from a
slightly greater number of transactions in both of our businesses
and is driven by menu innovation, the quality of food, the value of
our propositions and dedication of our team.
In the 2019 financial year to date, Fulham Shore has opened two
Franco Manca pizzeria, in Bath and Cambridge, and closed one Franco
Manca in Brighton Marina. This takes Fulham Shore's restaurant
portfolio to 58 restaurants in the UK, comprising 16 The Real Greek
and 42 Franco Manca, as well as one Franco Manca franchise in
Italy.
Opening programme
We are in the final stages of negotiations for a number of
locations for the current and coming financial year. As previously
announced, we will continue to fund new restaurant openings largely
through internally generated cash flow. We are seeing more
properties coming to the market as a result of the current
conditions in the wider retail and dining out sectors. We will
continue to assess these opportunities and respond accordingly.
For further information please contact:
The Fulham Shore plc www.fulhamshore.com
David Page Tel: 020 3026 8129
Allenby Capital Limited
Nick Naylor / Jeremy Porter Tel: 0203 328 5656
/ James Reeve
Hudson Sandler - Financial fulhamshore@hudsonsandler.com
PR Tel: 020 7796 4133
Alex Brennan / Lucy Wollam
Notes for editors
Information on The Fulham Shore PLC
Fulham Shore was incorporated in March 2012. The Directors
believed that there were attractive investment opportunities within
the restaurant sector in the UK and that, given their collective
experience in the restaurant sector, they could take advantage of
the opportunities which existed.
The ordinary shares of the Company were admitted to trading on
AIM in October 2014 in order to capitalise on such opportunities
and to give the company employees, customers and public the ability
to share in the enterprise.
Today, Fulham Shore owns and operates "The Real Greek"
(www.therealgreek.com) and "Franco Manca" (www.francomanca.co.uk)
restaurants.
The Real Greek
Since its foundation in London in 1999, The Real Greek has grown
steadily, now offering modern Greek cuisine in 16 restaurants
across London and Southern England.
The Real Greek food centres on the delicious, healthy diet of
the Eastern Mediterranean, staying true to the Greek ethos of food,
family and friends. Dishes are created using premium ingredients
sourced from Greece and Cyprus whenever possible, and developed by
Tonia Buxton, the face of Greek food in the UK.
The Real Greek's menu and atmosphere retain the spirit of eating
in Greece, encouraging diners to take their time eating amongst
friends and family, be it a relaxed dinner, family get-together, or
a fully catered party.
Franco Manca
Franco Manca opened its first restaurant in 2008 and now has 42
restaurants, primarily in London, but with recent openings in
Cambridge, Bath, Oxford and Bristol. Other locations outside London
are in the opening pipeline for the next 12 months. Franco Manca
also has a franchised pizzeria on the island of Salina in
Italy.
Franco Manca's pizza is made from slow-rising sourdough and is
baked in an oven that produces high heat. The slow levitation and
blast cooking process lock in the flour's natural
aroma and moisture, giving a soft and easily digestible crust.
Where possible, locally sourced and organic ingredients are used.
Pizza prices start from GBP5.00.
Franco Manco has received the following accolades:
Winner of the R200 Best Value Restaurant Operator- Over 20 Sites
Award 2017
Winner of MCA Retailer's Retailer Awards Best Concept award
2017
Winner of the CGA Peach Hero and Icon Awards Best Concept award
2016
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END
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