Côte could be up for sale again
French bistro chain Côte could be up for sale again but this time for an estimated £200m. At the moment CBPE Capital owns the business and it is reported that it is in talks with investment banks and advisors about a strategic review of the company, according to the Sunday Times. It’s been two years since Richard Caring sold a majority stake in the Côte business to CBPE Capital in a deal that valued the chain at £100m. Côte was founded in 2007 by Richard Caring, Andy Bassadone, Chris Benians and Nick Fiddler and has nearly 70 sites. The group is now run by joint directors Alex Scrimgeour and Harald Samuelsson, it recorded a 26.6% rise in profit to £16.2m last year. If Côte does end up being put up for sale, it will join Las Iguanas, Yo! Sushi and La Tasca, all of which are expected to be sold this year.
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