Bulletin

Red's heading for ten restaurant target

Red's True Barbecues to Hit Tally of Ten Restaurants Following Funding - SantanderCB

James Douglas, co-founder of Red's True Barbecues, has said that he and business partner Scott Munro will reach their tally of ten restaurants in the coming months. The company, which has secured an additional £9m facility from Santander and a group of investors to fund expansion, already has branches in London, Nottingham, Manchester, Liverpool and Headingly. 'We're opening in Sheffield first,' said Douglas, 'and the West Midlands after that. Everything is going to plan, everything is going great.' The latest investment is a majority debt arrangement with Santander, coupled with a secondary round of equity investment from a panel of industry leaders including Ian Neill, Maurice Abboudi and Brandon Stephens. Munro said the latest cash boost would allow the business to open 8-10 new restaurants over the next two years.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?