Lateral is a branded restaurant chain operating in Spain in the fast casual dining segment of the market, focused on high quality Spanish tapas.

Lateral operates 7 restaurants, 6 of which are located in iconic streets of Madrid and 1 in Barcelona. The brand has 20 years of history, has significant brand awareness in Spain and in particular in Madrid and has a differentiated concept reflecting a lifestyle associated with arts and interior design. The offering includes a combination of both traditional Spanish food and modern recipes using high quality products and offering a compelling value for money experience.

  • Industry

    Restaurants

  • Date

    18 April2017

  • Revenue

    €19million

  • Number of Employees

    323

Lateral was founded in 1997 by four entrepreneurs with a concept of offering traditional tapas in a modern and pleasant environment. The first Lateral restaurant was opened in Paseo de la Castellana, one of Madrid’s main streets, almost 20 years ago. The good acceptance of the concept led them to expand the brand in other prime locations in Madrid city centre, including 2 flagship restaurants (Castellana 42 and Castellana 89), which have contributed to the development of its strong brand awareness in particular in the Madrid region.

 

Additional information

  • Arco Beta, S.L.
    Paseo de la Habana, 28, Madrid, Spain
  • Management
    • Mercedes Moraleda, CEO
    • Ziad Joumblat, Chairman
  • Website
    www.lateral.com

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