Food & Drink

Tortilla wraps up its cash with expansion on the menu

Mexican fast-food chain Tortilla, which is backed by Quilvest Private Equity, will announce today that Santander Corporate Banking has provided it with a loan of just over £11.1m, giving it the firepower to open another 25-30 outlets over the next three years. The chain, which counts David Cameron among its customers, was launched seven years ago by Brandon Stephens and will open its 21st restaurant in Liverpool this week. Tortilla's growth is being led by Richard Morris, a former TGI Friday's and The Rainforest Café executive, whose arrival as managing director has allowed Mr Stephens to step back to a non-executive role.

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



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