Wagamama
Coverage focuses on the performance, expansion, and brand strategy of the UKโs 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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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 โextenuating personal circumstancesโ. 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 โcommence immediatelyโ. McCue, who joined…
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5 FebruaryRestaurants
Byron Burger receives ยฃ10m cash injection following store closures
Byron Burger has received a ยฃ10m 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 groupโs 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 ยฃ81.5m 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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Dec- 2018 -20 DecemberRestaurants
Wagamama to share ยฃ4m bonus among staff following TRG sale
Wagamama is to give its employees Christmas bonuses of up to ยฃ2,000 from a ยฃ4m pot following the sale of the Asian dining chain to The Restaurant Group (TRG) for ยฃ599m. Provided they have worked for the company for at least 12 months, head chefs and managers will receive ยฃ2,000…
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11 DecemberRestaurants
Soho’s The Duck and Rice eyes global expansion
Pub and Chinese restaurant, The Duck and Rice in Soho, is currently in talks to secure its first overseas licensing deal. Conceived by Wagamama founder Alan Yau in 2015, the restaurant said it had now consolidated its position as a London landmark, and is looking at other London locations, the…
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4 DecemberRestaurants
Simon Cope resigns as Byron CEO
Simon Cope has resigned from his position as the CEO of embattled burger restaurant chain Byron amid the companyโs restructuring plan under a CVA. His termination document appeared on Companies House on 3 December, stating he resigned on 30 November, just 18 months after joining from Wagamama, initially as Byronโs…
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Nov- 2018 -28 NovemberBusiness
The Restaurant Group acquisition of Wagamama to go ahead
The Restaurant Groupโs (TRG) acquisition of Wagamama is to go ahead despite 40% of shareholders voting against the deal. Shares in the group sank by 13% on Wednesday, with big name shareholders concerned about price and debt levels for the group. Debbie Hewitt, chairwoman of TRG, said she was pleased…
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21 NovemberBusiness
TRG investors to oppose Wagamama acquisition
The Restaurant Groupโs (TRG) investors are planning to vote against the companyโs proposal to acquire Wagamama as they have said it โthrows up too many red flagsโ. Columbia Threadneedle Investments, which owns 7.7% of TRG, have confirmed they are planning to oppose the proposal in a meeting on 28 November.…
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13 NovemberBusiness
EU rules could ‘thwart’ Hammondโs business rates promise
Hammondโs plan to help high streets through a near ยฃ1bn, two year business rates cut, is set to be thwarted by European Union state aid rules, real estate agents Altus Group have claimed. The chancellor will slash business rates next April by discounting bills by a third for those retail…
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