Gaucho Grill is to start an investor roadshow tomorrow, ahead of a flotation on the London Stock Exchange next month at a value of about £100m. The Times

Gaucho, which runs only 11 Argentine steakhouses, nine of which are in London, insisted that there had been positive premarketing feedback for the group.

A spokesperson said it had received a ‘consistently positive response from investors’, indicating that valuations of more thatn £10m per restaurant, including debt, have not been an issue.