Kornicis Achieves Record Christmas Sales

Kornicis Group, which operates bars focused around the City of London and Canary Wharf, has reported a 7% rise in like-for-like sales in the run-up to Christmas.

Its 18 London sites achieved the record sales figure in the five weeks leading up to Christmas – the sixth consecutive year of strong growth for the company over the festive period. Compounded annual sales growth over Christmas is at 5.5% for the last six years.

Kornicis Group chief executive Nick Tamblyn said: “As Christmas Day fell later in the week, a much stronger performance was seen in Christmas week itself. This trend is expected to continue for the next couple of years.”

Sales for the quarter including December showed strong like-for-like growth of 7.3%, matching the annual like-for-like performance of 7.4% for the 12 months to December 2014.

“Kornicis is well positioned to continue its expansion within London during 2015,” Nick added.