Johnson feasts on linen boom in London restaurants

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POSH linen table clothes at high-end restaurants helped drive a boom in sales at Johnson Service Group.

The textiles firm services The Fat Duck run by Heston Blumenthal (pictured) and City dealmakers’ favourite The Wolseley. 

Its two top-of-the-range subsidiaries Stalbridge and London Linen, which rent out linen to 4000 restaurants in London, helped drive textiles rental sales up 35% to £115.7 million. 

The other part of its business, Johnsons Dry cleaning, fared worse due to the effects of a restructuring. Sales fell to £21.9 million from £23.5 million last year.

Revenue rose 26% to  £137.6 million and adjusted pre-tax profits, stripping out debt interest payments, were up to £14.1 million from  £10.1 million.

Source Article from http://www.standard.co.uk/business/johnson-feasts-on-linen-boom-in-london-restaurants-a3338151.html

September 6, 2016 |
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