All Wagamama articles – Page 16
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Analysis & Insight
Sector sagas keep us all guessing
Dominic Walsh reflects on an action-packed few weeks in the sector, which has seen big deals, high-profile resignations and further twists in the Patisserie Valerie saga.
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NewsTRG launches £315m rights issue
The Restaurant Group (TRG) has confirmed its fully underwritten rights issue to raise £315m for the proposed acquisition of Wagamama.
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NewsAnalysts corner: Goodbody on TRG/Wagamama deal
There have been a range of positive and negative reactions from analysts following the proposed sale of Wagamama to The Restaurant Group, but despite some concerns Goodbody feels is it a deal that can deliver.
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NewsPizzaExpress agrees exclusive delivery deal with Deliveroo
Deliveroo, the online food delivery company, has announced that it is now working with 17,000 restaurants and takeaways across the UK.
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NewsLion in talks to back Ramsay
Lion Capital, the private equity backer of Loungers, is in talks to back Gordon Ramsay’s restaurant group, MCA has learnt.
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Analysis & InsightNeeds must
The Casual Dining Group (CDG) and Wasabi were both featured in the press over the weekend, linked with the need to make necessary changes to their businesses. One is taking a proactive approach to bring landlords to the table to discuss issues it faces with rental levels at a handful of sites, while the other claims it is looking for an injection of capital to support its next phase of growth. But, is one being more realistic with itself and the impact of the current harsh trading environment than the other, asks Mark Wingett.
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NewsAnalysts corner: Peel Hunt on TRG/Wagamama
Peel Hunt analysts Douglas jack and Ivor Jones have expressed “considerable doubts” about The Restaurant Group (TRG)’s plans to acquire Wagamama.
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News
Malkov named MD of Park Chinois
Yishay Malkov, one of the key driving forces behind the development and expansion of the Ivy Collection, has been appointed managing director of Park Chinois, the Alan Yau-inspired, high-end Chinese restaurant and bar venue in Mayfair, MCA understands.
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NewsAnalysts corner: Barclays on Wagamama sale
Following the news that The Restaurant Group (TRG) has set the wheels in motion to acquire Wagamama, Barclays lends its thoughts on the subject, and warns the brand not to go changing.
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NewsTRG gambles big on Wagamama deal
The Restaurant Group (TRG) chief executive Andy McCue has rolled the dice and landed on Wagamama – arguably the UK restaurant sector’s best-in-class concept. It is a gamble that many would argue the Frankie & Benny’s operator had to take, but – with TRG’s shareholder still to OK the deal – what does it mean for both businesses and for the wider sector, asks Mark Wingett.
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NewsAnalysts corner: TRG’s acquisition of Wagamama
Following the news this morning that The Restaurant Group is to acquire Wagamama, we round-up some of the latest analysts’ reaction on the deal, including Shore Capital, Goodbody, Berenberg and JP Morgan.
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NewsTRG swoops in to purchase Wagamama in £357m deal
The Restaurant Group (TRG) has announced it has conditionally agreed to purchase the entire capital of Mabel Topco Limited – the holding company of a group that owns and operates Wagamama.
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NewsSushi Daily appoints ex-Autogrill CEO
KellyDeli, the operator of Sushi Daily, has appointed its first externally-recruited chief executive, Silvano Delnegro.
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NewsJollibee eyes Manchester, Liverpool and Birmingham next
Jollibee, the Filipino fast food chain, will launch sites in Manchester, Liverpool and Birmingham following its UK debut in Earl’s Court last week.
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NewsDuncan Garrood takes CEO role at Ten Entertainment
Duncan Garrood has been appointed as the new chief executive of Ten Entertainment Group, following the news, last week, that he was stepping down as CEO at Bill’s.
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OpinionA crescendo of coffee
Following a successful fundraise on Crowdcube this summer, coffee shop and wine bar Notes is looking to double its estate over the next two years. Georgi Gyton finds out more about its growth plans, which include a move into travel hubs, starting with train stations
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NewsGarrood steps down as Bill’s CEO
Duncan Garrood has stepped down as chief executive of the Richard Caring-backed Bill’s Restaurants, after less than 10 months in the role.
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Analysis & Insight
In other news
Whilst last week’s news was dominated by the fast-moving story at Patisserie Holdings, the last month has shone a light on a number of other companies in the sector, which are faced with their own issues and questions about their future. Mark Wingett gives his thoughts on the Coaching Inn Group; TGI Fridays; Five Guys; The Restaurant Group (TRG); and Gordon Ramsay.
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NewsIndustry coalition calls on Chancellor for action
UKHospitality and a coalition of hospitality businesses have written to Chancellor Philip Hammond to call for targeted support in this month’s Budget that will protect the economic contribution made by the sector.
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NewsWagamama: “We have stopped talking about sales as the most important factor”
Speaking on the back of the group’s Q1 trading update yesterday, Wagamama chief executive Jane Holbrook talks to MCA about not mentioning the weather, why she is asking her staff not to work too hard, how the brand learnt to embrace delivery and plans to become a “global, iconic brand”.