Information  X 
Enter a valid email address

Chorion PLC (COR)

  Print      Mail a friend

Thursday 04 January, 2001

Chorion PLC

Trading Statement

Chorion PLC
4 January 2001


                          CHORION PLC
                               
          BAR NIGHTCLUBS CHRISTMAS TRADING STATEMENT
                               
                     SALES STRONGLY AHEAD

Chorion's   Bar  Nightclub  division,  trading  out   of   12
locations,  10  of  which  are in London's  West  End,  today
announces a very successful December trading period.

Net  sales for the 5 week period of £5.3m, which include  the
benefit of the 6 new operations opened during 2000, were 135%
ahead of last year.

Like  for  like  sales were 18% better than the  very  strong
sales performance achieved in December 1999.  Tiger Tiger  in
London's  Haymarket  succeeded in  recording  a  further  16%
increase  on  last  year's  levels  that  were  regarded   as
exceptional at the time.

Trading  in  the  London  units  was  strong  both   in   the
established  businesses and the new businesses opened  during
the  year,  all of which traded ahead of expectations  during
December.

The  strength, value and potential of the Tiger  Tiger  brand
has  been  clearly demonstrated at the recently opened  Tiger
Tiger venues in Birmingham and Manchester.  These have traded
significantly  ahead of Chorion's investment  criteria  since
opening.   During  December the performance  of  both  venues
improved still further.

Commenting  on  this  performance Chorion Managing  Director,
Nick Tamblyn, said,

'We  are  delighted  with  this excellent  sales  result  for
December,  which reflects the success of our robust programme
of  new  openings in 2000 and the increasing strength of  our
innovative bar nightclub format.'

'I  am particularly pleased with the Tiger Tiger trading. The
exceptional  performance  of the London  Haymarket  operation
confirms  the  durability of the brand with numerous  revenue
records  being broken in what was the unit's third  Christmas
period.   The much better than expected sales performance  at
the  new operations in Birmingham and Manchester demonstrates
the  development  potential that exists  throughout  the  UK.
Three  further  Tiger  Tiger venues are  contracted  to  open
during  2001  at Portsmouth, Leeds and Croydon and  the  next
development   phase  has  been  accelerated.   Planning   and
licensing  has  already been secured in Newcastle  and  other
major locations are being advanced.'



For further information, contact:

Chorion PLC                                     020 7434 0030
Nick Tamblyn, Managing Director
Malcolm Gardner, Group Finance Director

Square Mile BSMG                                020 7601 1000
Kevin Smith/Becky Jewers