Wasabi eyes expansion amid return to profit
In 2020 Capdesia and Sushiro Global Holdings became the majority shareholder in the company, after initially making a minor investment in May 2019
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Wasabi has revealed that it posted a profit of £21.9m for the year ended 31 December 2023.
The company stated that this was down to a “solid performance” which improved profitability as it balanced inflationary pressure with value for money for customers.
As a result of this, the company stated that it was “researching and evaluating” opportunities to expand its portfolio in the UK.
Furthermore, the company revealed that it had net assets of £25.3m, up from £3.4m in December 2022.
Wasabi was originally launched as a market stall in Camden Market in 2003 by Dong Hyun Kim.
In 2020 Capdesia and Sushiro Global Holdings became the majority shareholder in the company, after initially making a minor investment in May 2019.
Following this, founder Kim stepped away from company operations in November 2021.
