Bar and restaurant entrepreneur Jamie Barber has raised £5million in equity for expanding his restaurant and bar groups Cabana and Hush.
He raised £2million for Hush and £3million for Cabana from shareholders including Saracens owner Nigel Wray, French Connection founder Stephen Marks and Zoopla and Lovefilm founder Alex Chesterman. He has also agreed a debt facility from his bankers HSBC.
With five sites in London, Cabana will expand nationally with three further openings by the end of the year, including a site in Trinity Leeds and a flagship at the O2 Arena in London.
The group is also set to run pop-up The Grill from Ipanema in Covent Garden Piazza from June 28 to July 13, including a beach bar serving Caipirinhas and Batidas.
Hush operates three restaurants, including its flagship brasserie and bar in Mayfair (pictured) which last month won the “Test of Time” restaurant award from Tatler after 15 years in business. The group is close to completing on a fourth site.
Jamie said: “We have a significant war chest to be used to expand both brands. Brazil is certainly flavour of the month, and our brasseries are performing strongly.
“Our combined turnover is knocking on the door of £20million, and we feel that the climate is right for us to push forward with both brands.”
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