see all jobs
IRC to open four new sites in 2009
Individual Restaurant Company (IRC), which operates 34 eateries under the Piccolino and Bar & Grill brands, is to open four new sites despite "difficult" trading conditions.
Announcing its pre-close trading statement for the year to 31 December, the company said it expected profits to be at the lower end of expectations, but remained confident over its future.
IRC has signed leases on four sites – Aberdeen, Knutsford, the City of London and Dorking. The group said it will fund the new openings from existing funds without the need to borrow more.
Stephen Walker, IRC's chief executive, said: "We have taken a number of strong measures to ensure that we continue to be able to expand and are operating more efficiently in the current market environment.
"Whilst we remain cautious in our outlook for the year ahead in line with other operators, both of our brands have gained stature over the year. We remain confident that the broad appeal of both brands will continue to underpin a resilient performance from the Group over the medium term."
More News
- News by sector (all)
- All news
- Fitness
- Personal trainer
- Sport
- Spa
- Swimming
- Hospitality
- Entertainment & Gaming
- Commercial Leisure
- Property
- Architecture
- Design
- Tourism
- Travel
- Attractions
- Theme & Water Parks
- Arts & Culture
- Heritage & Museums
- Parks & Countryside
- Sales & Marketing
- Public Sector
- Training
- People
- Executive
- Apprenticeships
- Suppliers