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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May- 2021 -25 MayRestaurants
The Restaurant Group reveals return to pre-pandemic sales
The Restaurant Group has confirmed a return to pre-pandemic levels of trading since the easing of restrictions across the UK. The owner of Wagamama, Frankie and Benny’s, and Chiquito claimed that “no meaningful ‘like-for-like sales’ comparisons” can be made for the first 20 weeks of FY21. Instead, the group revealed…
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21 MayRestaurants
Gordon Ramsay Restaurants appoints new CFO
Gordon Ramsay Restaurants has announced that Antony Perring has joined the group as its new CFO. Perring previously served as CFO of Leon Restaurants from 2015 to early 2021, primarily responsible for delivering the financing structures. Prior to that he served as financial director at Wagamama from 2006 to 2014,…
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Apr- 2021 -16 AprilFood and Drink
Takeaways and deliveries soar 346% in March
Delivery and takeaway sales in March 2021 reportedly rose 346% year-on-year as consumers continued to replace dining out with at-home orders. According to the CGA’s hospitality at home tracker, the figure also represented a 9% increase from February’s levels. The study found that deliveries accounted for over 62% of operators’…
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Mar- 2021 -10 MarchRestaurants
The Restaurant Group to raise £715m to offset Covid-19 impact
The Restaurant Group (TGR) has announced it plans to raise £175m in a move which will aim to enhance liquidity, accelerate deleveraging and support selective growth as the company continues to struggle with the ripple effects of Covid-19. The plans mark the end of the group’s “deep restructuring” programme and…
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2 MarchCoronavirus
The Restaurant Group burns through £5.5m per month amid lockdown
The Restaurant Group has revealed it has burned through £5.5m in cash per month during the ongoing national lockdown, adding that the cash burn rate is expected to stay at this level until the end of the current restrictions for hospitality businesses. Nonetheless, it has since secured £500m in new…
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Feb- 2021 -8 FebruaryCoronavirus
Losses from top 100 UK restaurant groups rise 112% to £571m
The top 100 UK restaurants groups saw their losses soar by 112% to £571m last year, rising from reported losses of £269m at the end of last March, according to UHY Hacker Young. The firm said these losses only run up to the start of the lockdown and are therefore…
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Dec- 2020 -16 DecemberRestaurants
Wagamama sales boosted in Q3
Wagamama has announced that like-for-like sales rose by 7.4% in the third quarter ended 27 September 2020, attributed to the government’s Eat Out to Help Out scheme in August. UK revenue fell by 20.8% to £70.3m in the quarter, however, amid a phased reopening of its restaurants for eat in…
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Nov- 2020 -12 NovemberFood and Drink
Casual Dining show postponed until September 2021
The Casual Dining trade show, which was set to take place in March next year, has been postponed amid the ongoing Covid-19 pandemic and government restrictions. The event, which is dedicated to the casual dining sector, will now take place between 23-24 September 2021 at ExCeL London, its organiser Diversified…
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Oct- 2020 -6 OctoberFood and Drink
Restaurant Group reports £235m loss, despite strong September trading
The Restaurant Group has reported a pre-tax loss of £235m for the first half of the year, despite “strong” September trading. Its Wagamama chain saw a like-for-like sales growth of 11% in the 11 weeks leading up to 20 September, which the group said was a 5% overperformance compared to…
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Sep- 2020 -28 SeptemberRestaurants
Partners Group acquires Côte Restaurants
Côte Restaurants has been acquired by global private markets investment manager Partners Group. It comes as the group said that coronavirus has had a “huge impact” on the business, despite “trading well” before lockdown, with “record” sales and strong EBITDA growth in the last financial year. Partners Group said it…
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