Rare Restaurants has announced the opening of three Gaucho sites over the next three months, including its first launches in Wales and the north-east of England.
It comes after Gaucho reported a record-breaking year with double-digit earnings before interest, tax, depreciation and amortisation (EBITDA) on turnover of £73m, up from £55m.
The 7,000 sq ft venue in London’s Covent Garden will serve 120 covers and offer pre and post-theatre dining, as well as breakfast. It will be Gaucho’s first London opening since 2009.
Gaucho will also open its first site in the north-east this March in Newcastle (pictured). Sunday Roast and live music be available at the grade-II listed building.
Another Gaucho will open in Cardiff in May, which will be its first site in Wales. The two-storey, 8,500 sq ft site will seat 220. One floor will be open for exclusive hire and will feature two private dining rooms; a Beef Bar; and a cocktail bar.
Martin Williams, chief executive of Gaucho, said: “I’m delighted to announce a wave of new Gaucho openings across the UK, particularly our first London opening for over a decade. With all the headwinds facing our sector (in London more than anywhere else) it would be easy to focus outside of London – but Gaucho was born in the West End.
“We have enjoyed fantastic post-pandemic trading in the capital and are beyond confident that Gaucho Covent Garden will be a triumph. Our recent openings in Glasgow and Liverpool have been incredibly well received and I have no doubt that Cardiff and Newcastle will be too.”
Rare Restaurants has a collection of 22 restaurants under the Gaucho and M Restaurants brands.
Gaucho, which first launched in 1994, now has twelve London restaurants and six regional sites in Glasgow, Liverpool, Leeds, Edinburgh, Birmingham, and Manchester.