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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Nov- 2023 -28 NovemberNews
TRG shareholders approve ยฃ506m Apollo deal
The Restaurant Group shareholders have formally voted in favour of the company sale to US-based private equity company Apollo Global Management for ยฃ506m.ย During a general meeting held yesterday (27 November), 93.5% of shareholders voted in favour of the cash acquisition of the group, which includes Wagamama and the pub…
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Oct- 2023 -31 OctoberNews
Todayโs news in brief – 31/10/23
Wheel Topco, which is considering a bid for The Restaurant Group, is working with Goldman Sachs on this potential deal. The move would be an attempt to disrupt TRG’s planned takeover by Apollo Global Management. The Pizza Express owner has reportedly been in discussions with TRG’s board about a potential…
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31 OctoberRestaurants
PizzaExpress hires Goldman Sachs amid proposal to acquire stake in TRG
Pizza Express is reportedly working with Goldman Sachs over launching a potential bid to acquire a large stake in The Restaurant Group (TRG), according to Sky News. The news comes after Pizza Express owner is considering a surprise move to gatecrash a takeover of TRG, the London-listed company which owns…
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26 OctoberRestaurants
TRG confirms takeover counterbid from Pizza Express owner
The Restaurant Group has confirmed this morning (26 October) that it has received a request from Wheel Topco, the owner of Pizza Express, to evaluate a possible takeover offer for the company.ย However, TRG said that no written or verbal indicative proposal relating to a possible offer โ including as…
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12 OctoberNews
Todayโs news in brief – 12/10/23
TRG, the operator of brands like Wagamama, is set to go private through a ยฃ506m deal with Apollo Global after facing financial struggles and investor pressure. TRG, which owns about 400 UK restaurants and pubs, cited falling margins due to rising costs and a sluggish post-pandemic recovery. The deal offers…
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12 OctoberBusiness
Wagamama owner to go private in ยฃ506m deal
The Restaurant Group, the operator that owns Wagamama, has agreed to be taken private by Apollo Global for ยฃ506m after a year of financial struggles and investor pressure.ย The owner of about 400 restaurants and pubs across the UK has struggled with falling margins, which it attributed to soaring costs…
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Sep- 2023 -12 SeptemberNews
TRG offloads leisure business to Big Table Group
TRG has announced that it has entered into an agreement for the proposed sale of its leisure business comprising 75 trading sites and associated restaurant and management team employees to the Big Table Group.ย ย As part of the transaction, TRG will pay a cash contribution of ยฃ7.5m to the Big…
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8 SeptemberNews
The Restaurant Group chairman to step down
The Restaurant Group has announced that the company’s chairman, Ken Hanna, has decided to step down due to personal reasons. The board will now initiate a comprehensive search process to identify a new chairman and will update the market as and when appropriate. Hanna will remain with TRG as chairman…
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6 SeptemberRestaurants
TRG revenues rise 10% to ยฃ467.4m in H1
The Restaurant Group (TRG) has reported that total sales in the first half of the year rose by 10% to ยฃ467.4m, compared with ยฃ423.4m the prior year. Its adjusted EBITDA was also up 15% to ยฃ36.3m on a pre-IFRS 16 basis versus the VAT adjusted basis of ยฃ31.4m in H1…
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Jul- 2023 -25 JulyRestaurants
TRG investor considering bid for pub and leisure arms
An investor in The Restaurant Group (TRG) is considering a bid for the companyโs pub and leisure arms, according to reports from The Telegraph. TMR Capital, which holds a 1.75% stake in TRG, is looking to acquire the Brunning and Price pub arm and the group’s leisure division, which includes…
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