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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May- 2023 -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 ยฃ35.2m in 2021 to ยฃ86.8m.ย As a result, the Wagamama owner has made plans to shut around 35 โloss makingโ locations. This decision will take its portfolio from 166 restaurants…
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Feb- 2023 -22 FebruaryNews
Oasis reiterates โneed for transparencyโ amid Wagamama’s performance
Oasis, the Hong Kong-based activist investor, has again reiterated the need for transparency from The Restaurant Group (TRG) – the owner of Wagamama – following a response to its open letter which demanded sweeping changes after a 65% slump in share over the past year.In an open letter last week,…
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17 FebruaryRestaurants
TRG welcomes shareholder calls to restore market confidence
The Restaurant Group (TRG), the operator of Wagamama, has welcomed constructive input from its shareholders at the Oasis Management Company, who issued the company a letter yesterday (16 February) calling on it to restore market confidence.ย In this letter, Oasis outlined a proposal for a governance review, which included a…
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Dec- 2022 -8 DecemberRestaurants
Poke House appoints co-country head
Poke House has announced the appointment of Robert Wickenden as UK co-country head as the brand expands its presence in the market. Wickenden joins Poke House after two years overseeing Deliverooโs expansion across international markets. Prior to his role at Deliveroo, he has held a number of roles focused on…
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Sep- 2022 -8 SeptemberRestaurants
The Restaurant Group sees H1 profits hit ยฃ41m
The Restaurant Group has reported profits before tax of ยฃ41.7m for the first half of 2022, compared with ยฃ11.2m during the same period the year prior.ย The results, from the 26 weeks to 3 July 2022, saw total sales at ยฃ423.4m, compared with ยฃ216.8m for the same period the year…
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5 SeptemberPubs and Bars
Wagamama and Turtle Bay sign 15-year leases at The Brewery
Restaurant brands Wagamama and Turtle Bay have secured lettings at The Brewery in Romford, Essex, through a recently-acquired prime supermarket anchored, retail warehouse and leisure scheme by Schroders Capital UK Real Estate Fund (SCREF). Wagamama will move into a 3,478 sq ft unit in the shopping centre on a 15-year…
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Aug- 2022 -16 AugustRestaurants
Wagamama launches new sustainable packaging initiative
Wagamama announced the launch of its new cPET packaging after four years of planning and advice from plastic experts. The new packaging is said to reduce the brandโs carbon footprint of its most popular dish, the katsu curry, by 62%.ย It is reported that this launch will replace more than…
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