Tragus Takes A Spanish Step

Tragus Group Holdings, the owner of the Café Rouge and Bella Italia restaurant chains, is to follow in the footsteps of the AIM-listed La Tasca Group by launching a Spanish tapas concept. It will be called Ortega.

The group's chief executive, Graham Turner, admitted that the launch of a third brand with development potential could boost the valuation of Tragus in the event of a stock market flotation or trade sale.

Mr Turner said the name Ortega had been chosen because it was one of the top 50 Spanish surnames. "I wanted an iconic and easy name that links in neatly with the concept itself."

The first Ortega will open in a leisure park in Harlow, Essex. Three more outlets will open by the end of the year.