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Chez Gerard hit by tourist fall

Chez Gerard, the restaurant chain that also owns Livebait, warned yesterday that profits would be down on city expectations by £700,000 to £2m in the year to June 2001.

Shares fell to an all-time low of 83.5p after it said a 20% fall in tourist numbers and disappointing results from restaurants opened outside of London had hit profits.

Financial Times 23/06/01 page 15,The Times business section 23/06/01 page 50, The Guardian 23/06/01 page 25

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