Philanthropic venture aids charity
Boozy Cow to sell six venues and launch new outlets
It is offloading Nox, Paramount and the Illicit Still in Aberdeen, and The Golf Tavern, 99 Hanover and Auld Hundred in Edinburgh. The sale is being handled by London-based Christie & Co.
Founder Garreth Wood wants to open three Boozy Cow restaurants a year and has secured a location in Stirling city centre, He is looking to open in Dundee this year.
Following a successful first year, the Aberdeen Boozy Cow will move from Netherkirkgate into the group’s larger Amicus Apple bar and restaurant in early May.
The Speratus Group launched its philanthropic initiative last June, committing all annual profits from the Boozy Cow to charities.
It is confident that over the next two years the combined donations to charity on an annual basis will be more than £1 million.
In February, five Scottish charities – ARCHIE Foundation, VSA, CHAS, STV Children’s Appeal and the Youth and Philanthropy Initiative – shared £263,000.
Garreth said: “This is a very positive step for the Speratus Group and the Boozy Cow concept, which has proved to be hugely successful. We had originally planned to open two new Boozy Cows a year, but we have increased this to three under the new plans.
“Of course we’ll be sad to sell the other venues, some of which we have spent the last 10 years developing; however, we are very excited to be building on the success of Boozy Cow. We have very clear goals and ambitions and feel extremely positive about the future.
“The concept of Boozy Cow is very simple – every single penny of profit from each restaurant will go to registered charities. Our customers have engaged brilliantly with the scheme and all of us have been blown away by their support.”