Rockpool plans first foreign premises in Los Angeles

Rockpool plans first foreign premises in Los Angeles
Rockpool plans first foreign premises in Los Angeles

The Rockpool Dining Group is set to open his first foreign premises in Los Angeles.

The development comes ahead of leading restaurant chain Rockpool Dining Group's possible stockmarket listing, The Australian Financial Review reported.

Founded by celebrity chef Neil Perry, who last year sold the Rockpool empire to private equity-backed Urban Purveyor Group, the restaurant group has secured a site not far from Melrose Avenue in West Hollywood. 

Rockpool's previous plans for foreign site -- Spice Temple Dubai -- fell through in 2014.

The top chef’s two new Sydney restaurants, the Jade Temple at 11 Bridge Street and Rosetta at Grosvenor Square (picture above), were hatted at the recent Good Food guide gongs.

Rockpool Dining Group had recently announced it was bringing the much-loved Melbourne Italian restaurant, Rosetta Ristorante, with menus by chef Neil Perry, as part of Grosvenor Place’s $20 million piazza redevelopment.

There has been talk of a trade sale by Quadrant Private Equity, the AFR speculates.

Last November in a game changing move for the Australian hospitality industry, Quadrant Private Equity backed Urban Purveyor Group and Rockpool Group combined forces to create a multi-concept, dining and entertainment powerhouse, Rockpool Dining Group.

The move firmly establishes Rockpool Dining Group as the most dominant player in the Australian hospitality industry, with annualised revenues in excess of $350 million.

Rockpool Dining Group’s portfolio includes 47 venues, 15 dining brands, and over 3000 employees across four states. 

Rockpool signalled it plans expand to more than 80 venues by the end of CY 2017, including the group’s first venues in London.

Tags: 
Restaurant Commercial Property

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