Wagamama
Coverage focuses on the performance, expansion, and brand strategy of the UK’s leading pan-Asian casual dining chain, known for its open kitchens, communal seating, and fast-casual service model. Reporting includes new site openings, delivery and click-and-collect rollouts, vegan and seasonal menu innovation, tech-enabled ordering, and group-level developments under parent company The Restaurant Group. Insight is designed for operators tracking high-volume branded dining, consumer health trends, and competitive movement across the mid-market segment.
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Aug- 2019 -13 AugustAnalysis
Spotlight: Restaurant chains defying the high street downturn
Pizza Express Pizza Express has been a mainstay on the UK highstreet since it was founded in 1965. In spite of a fairly saturated Italian dining scene the brand has maintained its presence where a majority of its competitors have struggled, including Jamie’s Italian, Prezzo and Carluccio’s. One of the…
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Jul- 2019 -29 JulyRestaurants
Byron’s earnings down to £500,000
Restaurant chain Byron Burgers has reported a sharp decline in adjusted earnings for the year ending 24 June 2018. Adjusted EBITDA fell to £500,000, compared with £4.7m for the same period last in 2017. Results were impacted by company voluntary arrangements (CVA) which were agreed in January 2018, allowing the…
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May- 2019 -29 MayBusiness
UK’s top restaurant groups lost £82m in the last year
The UK’s top 100 restaurants made an £82m loss in the last year, down from a pre-tax profit of £102m 12 months ago, research by accounting firm UHY Hacker has found. Furthermore, pre-tax profits at the UK’s top 100 restaurant groups have fallen from £345m since the first quarter of…
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3 MayRestaurants
Ping Pong to sell off last shopping centre sites
Dim sum restaurant chain Ping Pong is to sell its two outlets at Westfield London and Wembley Designer Outlet Village, the remaining of its shopping centre located restaurants. Leisure property specialists Davis Coffer Lyons has been instructed to dispose of the leasehold interest in the sites. The Westfield unit is…
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Apr- 2019 -9 AprilRestaurants
The Restaurant Group brings 22 sites to market
The Restaurant Group (TRG), parent company of Frankie and Benny’s, Chiquito and The Distilling House, has brought a further 22 sites to market, bringing the total number of sites up for sale to 44. It is understood that 22 of these outlets have already ceased trading and are located at…
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Mar- 2019 -22 MarchAnalysis
The emerging food-to-go trend
Within the food and drink industry, the food-to-go sector is booming and IGD has even forecasted that it will be worth £23.5bn by 2022. Within the sector, many different types of organisation are looking at how they can capitalise on consumers’ love affair with quick, convenient food. They should also…
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Feb- 2019 -14 FebruaryRestaurants
The Restaurant Group CEO resigns
The Restaurant Group (TRG) has announced that Andy McCue, CEO, will leave the company due to “extenuating personal circumstances”. The company said it anticipated that McCue would remain in his position while his successor was being recruited and added a search for his replacement would “commence immediately”. McCue, who joined…
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5 FebruaryRestaurants
Byron Burger receives £10m cash injection following store closures
Byron Burger has received a £10m cash injection from its investors after it closed 19 restaurants as part of a CVA in May. The new investment from Three Hills Capital Partners is expected to see the chain refurbish all of its existing restaurants, after it began to restructure branding, marketing,…
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Jan- 2019 -24 JanuaryBusiness
The Restaurant Group sales drop 2%
The Restaurant Group (TRG) saw a 2% drop in its like-for-like sales for the 52 weeks ending 30 December 2018 compared with the same period last year. This is excluding the recently acquired Asian restaurant chain Wagamama. Including one week of trading from Wagamama, the group’s total sales increased by…
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4 JanuaryRestaurants
Wagamama outperforms sector with 12% sales growth
Asian noodle chain Wagamama has continued to outperform its competitors for almost five years (239 weeks) as it posted a turnover increase of 15.4% to £81.5m in the 28 weeks to 11 November 2018. The company posted a 11.3% UK outperformance of the market for the period. In Q2 2018/19,…
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