AGM Statement

    RNS Number : 2510Z
  Gourmet Holdings PLC
  17 July 2008
   



    GOURMET HOLDINGS PLC 
    ("the Company")

    AGM Statement 

    At the AGM of the Gourmet Holdings plc, to be held later today, Philip Shotter, Non-Executive Chairman, will provide the following
summary on the Company's recent activities:

    "We are encouraged by the trading performance of the Company so far this year in both our Richoux and Amato brands. The Company has
recently refurbished three of its four Richoux restaurants and these restaurants are now benefiting from increased trade. Furthermore, the
existing Amato CafPatisserie in Old Compton Street, London W1 continues to trade satisfactorily.

    The Company is continuing to work on the development of the Amato concept. It is, at present, intended to be a flexible concept trading
as a cafrestaurant from premises with an A3 planning use and as a cafonly (trading as Amato Piccolo) where an A1 retail planning use only
exists. The Company opened the first Amato Piccolo in Charlotte Street, London W1 on 7th April 2008 and the first of the new Amato
cafrestaurants opened in Muswell Hill on 31st May 2008. Both sites are trading in line with expectations. 

    The Company is now in advanced negotiations to acquire three further leasehold properties, two of which will trade under the Amato
brand, with the other property to trade as a Richoux. This is in line with the Company's expectations as set out in the Chairman's Review in
the last Annual Report. 

    The Company continues to source further suitable sites for development, as either Amato or Richoux, for opening in 2008 and 2009.

    The Company has also now moved into its new head office at Cochrane Mews, St John's Wood and in April 2008 completed the purchase of a
Central Kitchen. The Central Kitchen is expected to be operational by the end of September 2008."

    17 July 2008


    ENQUIRIES:

 Gourmet Holdings Plc  Today: 020 7457 2020
 Philip Shotter
 Salvatore Diliberto

 Evolution Securities  Tel: [phone]
 Bobbie Hilliam

 College Hill          Tel: [phone]
 Justine Warren
 Matthew Smallwood



This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
AGMSFWFMMSASEDW