Big Mamma Group has reported that all of its London restaurants were “fully booked one month in advance” throughout 2023, according to its latest financial results.
In its 2023 filings, the French-based Big Mamma Group, founded by Victor Lugger and Tigrane Seydoux, attributed its success to a “strong brand presence on social media,” which played a key role in driving the consistent backlog of bookings.
The group said: “Gloria, Circolo Popolare, Ave Mario, Jacuzzi and Carlotta all performed strongly in excess of expectations.”
This success was further reflected in Big Mamma Group's financial performance, with turnover exceeding £40m, a significant increase from just under £26m the previous year.
Big Mamma Group's profit before tax surged ten-fold to nearly £3.7m, compared to £359,085 in 2022. The group's gross profit margins also saw a notable increase, rising to 72% in 2023 from 67.3% the previous year.
Big Mamma significantly expanded its workforce in 2023, increasing the number of employees from 355 in 2022 to 536.
It added: “The decision by the UK to leave Europe has affected the Group’s ability to source staff, food and beverage from Europe.”
In September 2023, private equity firm McWin acquired a majority stake in Big Mamma Group in a deal that valued the restaurant company at €270m (£233m).
Big Mamma Group is set to open its first regional restaurant, La Bellezza, in Birmingham next month.