Gaucho toasts strong festive trading period as bookings nearly double

Gaucho and M operator Rare Restaurants says it is ‘continuing to outperform market measures’ with turnover rising above £75m in its latest financial results
Rare Restaurants’s estate includes 20 Gaucho sites (©Rare Restaurants)

Christmas bookings at Gaucho are up 40% compared to the same period last year, its CEO says.

In a LinkedIn post unveiling the group’s festive advertising campaign, Gaucho CEO Baton Berisha says the steakhouse group has had ‘second consecutive strong quarter’ of trading and that over the past three months it has ‘delivered a 5.5% year-on-year increase’ in trading.

“At Gaucho, we don’t just speak about progress we’re experiencing it,” he says in the post.

“The brand is moving with clarity, purpose and renewed energy, and I couldn’t be more proud of the team whose dedication continues to drive this momentum.

“These results reflect the impact of a refreshed direction, and a team fully aligned behind it.”

Gaucho operates 20 restaurants across the UK, primarily based in London.

In its most recent results, Rare Restaurants, the parent company of Gaucho, reported turnover of £72.5m in 2024, down from £75.1m in 2023.

Berisha joined Rare Restaurants as chief executive back in March this year.