Revenue slips at eaterie chain

INDIVIDUAL Restaurant Company, owner of the 22-strong Piccolino chain of Italian restaurants, yesterday reported that revenues slipped to £24.6m in the six months to 4 July.

That compared with the £25.1m reported in the previous year.
However, the company said it had refinanced its loan facility and trading was picking up.

Meanwhile rival restaurant firm Richoux Group – which runs the Zippers and Frankie’s Easy Diner chains – reported a slight increase in revenues to £2.71m in the 28 weeks to 11 July.