[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Wednesday, 9 November 2005, 15:19 GMT
Carluccio heads for stock market
Antonio Carluccio
Mr Carluccio opened his first restaurant 33 years ago
Antonio Carluccio's Italian restaurant and shop empire is set to launch on the stock market, earning the chef a multi-million pound windfall.

The 22-strong chain, which has an estimated value of 50m-55m, is seeking a listing on London's Alternative Investment Market (AIM).

Under the plan, Mr Carluccio and his wife would cut their stake to 3% from 20%, earning them about 10m.

The group's pre-tax profits rose by 46% to 3.5m in the last financial year.

Mr Carluccio set up his first restaurant more than 30 years ago and established the Carluccio's chain in 1999.

The company said it planned to continue an expansion programme following its flotation.




SEE ALSO:
Pizza Express returns to market
21 Oct 05 |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific