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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Jun- 2023 -21 JuneNews
The Restaurant Group unveils senior team changes
The Restaurant Group, which operates approximately 400 restaurants and pubs across the UK, has today announced a number of changes to its senior team. Kirk Davies, after more than five years at the company, will step down from his role as chief financial officer after TRG’s interim results in September…
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9 JunePeople
TRG independent non-executive director to step down
The Restaurant Group has announced that Alex Gersh, an independent non-executive director of the group and the chair of its audit committee, will be stepping down from his role on 1 July. The group has announced that Loraine Woodhouse, who has been a member of the board since 4 July…
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May- 2023 -24 MayRestaurants
Wagamama owner narrowly beats AGM investor revolt
Wagamama owner The Restaurant Group (TRG) has narrowly beaten a revolt from rebel investors over the pay of CEO Andy Hornby and the direction of the company at its most recent AGM. Over 45% of shareholders voted against the company’s directors remuneration report for 2022 which revealed that Hornby was…
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19 MayRestaurants
TRG comes under renewed pressure from activist investor
The Restaurant Group (TRG), owner of Wagamama, has reportedly come under renewed pressure from activist investors, according to reports from The Times. Oasis Management Company, the hedge fund leading the rebellion, has accused TRG of excluding “certain” shareholders from key information ahead of the company’s AGM. Oasis has used its…
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19 MayNews
Côte turnover hits £144.9m in FY22
Côte Restaurant Group has reported turnover of £144.9m for the year ended in September 2022. Like-for-like turnover was flat compared to the one in 2019, reflecting the Omicron impact on Christmas trading and the impact of the cost of inflation being borne by guests. Adjusted EBITDA for the year was…
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16 MayRestaurants
Wagamama pledges to run six prison classes every year
Wagamama has pledged to run six prison masterclasses each year, in both female and male prisons to support as many people as possible into employment upon release, following a team of Wagamama chefs’ successful visit to HMP Hatfield last year. In partnership with the Ministry of Justice, a team of…
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4 MayNews
The Restaurant Group to shut 23 sites by end of May
The Restaurant Group, which operates approximately 410 restaurants and pub restaurants throughout the UK including Wagamama, Brunning & Price and Frankie & Benny’s, is set to reinstate the closing of 23 of its sites at the end of May 2023. The group said it had successfully negotiated a number of…
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2 MayRestaurants
TRG reports Wagama sales up 9% despite backlash from investors
Wagamama owner, the Restaurant Group, has revealed that Wagamama sales grew 9% compared with 2022, over the four weeks to April 30, despite facing backlash from activist investors. According to its latest trading update, covering the 13 weeks to 2 April 2023, it recorded a 15% increase in dine in…
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Mar- 2023 -16 MarchNews
Delivery and takeaway sales continue to drop, CGA reports
Delivery and takeaway sales in Britain have again experienced a fall compared to last year, according to the new Hospitality at Home Tracker from CGA by NIQ. The tracker revealed that compared to February 2022, combined sales of delivery and takeaway food last month declined by 6% as more customers…
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8 MarchRestaurants
Wagamama owner to shut 35 sites as FY losses widen
The Restaurant Group has revealed that for the year ended 1 January 2023, its statutory loss before tax increased from £35.2m in 2021 to £86.8m. As a result, the Wagamama owner has made plans to shut around 35 “loss making” locations. This decision will take its portfolio from 166 restaurants…
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