Robert Tchenguiz is considering plans to float part of his Laurel Pub Company.

He is in the process of splitting the business into two separate entities.

One will own restaurant chains such as Slug & Lettuce, Ha Ha Bar and La Tasca, while the other will house pubs, including the Yates chain. Sunday Times

Tchenguiz aims to capitalise on growing investor appetite for restaurant brands by floating the former.

Spin off

He has held informal discussions about the spin-off with potential advisers although the talks are at a preliminary stage.

One source with knowledge of the plans said that a decision would probably depend on what happens to rival restaurant operator Tragus, the owner of Cafe Rouge, which is expected to float in the new year.

If that goes well, said the source, then the Laurel restaurant company could follow, possibly in the early summer. “There are no plans to do anything this calendar year,” stressed the source.