Expansion: L'Osteria opens first Swiss restaurant
The German system gastronomy chain L'Osteria is opening its first restaurant in Switzerland on November 19 in the former Hotel Elite in Biel. The master franchise partner is Migros Aare.
The business offers 170 seats indoors and 70 more on a terrace. The area development agreement between L'Osteria and Migros provides for a total of six establishments in the Swiss market by 2020.
L'Osteria is present in Germany and Austria so far, and the chain will have 45 restaurants in Germany by the end of the year.Sales are expected to exceed the 100 million euro mark this year. (ah)
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