Geronimo group to double in size

Published: 23 July, 2008

London-based Geronimo pub group is to double in size in the next three years after receiving funds of nearly 25 million.

One of the larger gastropub chain companies, with its combination of brightened-up old pub venues and a wine list devised by John Clevely MW, Geronimo owns 14 sites in London, including the Lord Palmerston in Dartmouth Park and The Phoenix in Victoria, as well as The Black Swan in Ockham, Surrey.

New pubs will open initially at the new St Pancras International railway station in London and Heathrow's Terminal 3. The company will concentrate on acquisitions of pubs in London and the south-east.

Barclays Bank is adding to its commitment in Geronimo with 14.5 million of backing, and leisure investors Penta, with monies in La Tasca and EAT, is contributing 10 million. Geronimo sales are forecast at 14 million for the year ending June 2007.

Founder Rupert Clevely is now chief executive, with Chris Hutt the new chairman and Alf France taking on the role of operations director.

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