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.

Dec- 2020 -

16 December

Restaurants

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 November

Food 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 October

Food 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 September

Restaurants

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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Aug- 2020 -

17 August

Restaurants

Yo Sushi to axe 250 jobs following CVA

Yo Sushi has announced it will shutter 19 sites and axe 250 jobs in a bid to restructure the business following the crisis. The move comes after the dining group launched a company voluntary arrangement (CVA) in light of “changes in consumer behaviour” that have made its rents “unsustainable” across…
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12 August

Restaurants

Haidilao chooses Bullring for first restaurant outside London

Hot pot restaurant chain, Haidilao, has selected the Bullring Birmingham or its first site in the UK outside of London. The 8,073sq ft restaurant will join Brown’s and Wagamama in St Martin’s Square, and is set to launch in early 2021. Founded in 1994 in China’s Sichuan Province, Haidilao now…
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6 August

Restaurants

Yo Sushi eyes CVA

Yo Sushi has reportedly drafted in Deloitte in a bid to negotiate rent concessions with landlords and secure a potential CVA, Sky News has reported. While the sushi chain has not yet made a formal decision to proceed with a CVA, sources told Sky that the group would have “little…
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Jun- 2020 -

16 June

Coronavirus

Deliveroo warns of ‘grave damage’ to hospitality sector without Government action

Deliveroo CEO and founder Will Shu, alongside 90 restaurant partners, including some of the UK’s leading restaurant brands, have today written to the prime minister to call for action to support the restaurant sector in the face of continuing challenges posed by Covid-19. The signatories, which collectively represent more than…
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10 June

Coronavirus

The Restaurant Group launches CVA, 125 sites to close

The Restaurant Group has announced a proposal to reduce the size of its Leisure estate and rental cost base through a company voluntary arrangement (CVA). The CVA will relate to the group’s Frankie and Benny’s estate, Chiquito and Garfunkel’s sites, but will have no impact on the group’s Wagamama, airport…
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8 June

Coronavirus

The Restaurant Group confirms restructuring talks

The Restaurant Group has confirmed it has entered discussions with its landlords regarding the “potential restructuring” of its Leisure estate. The group’s Leisure Division, which includes its Frankie and Benny’s, Chiquito and Garfunkel’s sites, does not impact trading across the group’s Wagamama chain. It comes only days after news that…
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