All Wagamama articles – Page 3
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InterviewsAndy Hornby: We let our trading do the talking
The Restaurant Group CEO shrugged off shareholder interventions and pointed to encouraging trading momentum across its four divisions, including its beleaguered Leisure division
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NewsRestaurant Group reports ‘encouraging trading’
Like-for-like sales at Wagamama were up 2% for the 13 weeks to 2 April 2023 but down 4% with its Leisure division, with the group to accelerate its previously announced rationalisation programme
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NewsOasis: TRG management ‘not aligned with shareholders’
The activist hedge fund has urged fellow shareholders to reject “pay without performance” at The Restaurant Group
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NewsOpenings of the week
MCA rounds up the biggest openings stories of the week, featuring Dishoom, Wagamama, Bundobust and more
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InterviewsHornby: ‘Well-run operators have a good future in this country’
In an interview with The Telegraph, TRG CEO Andy Hornby said mid-market restaurants won’t disappear from high streets but will never be as ubiquitous as they once were
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NewsOasis threatens to push for removal of TRG boss
The activist investor has called for the Wagamama owner to reduce debt, reduce interest, and resume dividends as it is rumoured to be weighing up a potential sale of its pubs business
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NewsOpenings of the week
MCA rounds-up this week’s biggest openings stories, featuring Brightside, Wagamama, Shake Shack, Pure and more
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NewsWagamama appoints new CFO
Matt Crumpler is due to join the Asian restaurant brand next month from his role as FD at The Restaurant Group
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InterviewsDavid Campbell: ‘Turning round a company is never easy’
The former Wagamama CEO revists the task at hand at the Pan-Asian brand, which was “flat-lining” and in a “pretty bad state” when he took over in 2013
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InterviewsTRG: ‘Anything that helps the consumer is welcome’
Chief executive Andy Hornby speaks to MCA about introducing modest price increases, hedging the group’s utilities supply for three years, and the softening of delivery volumes
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NewsBook your tickets for MCA’s Restaurant Conference
Hear from leaders in the sector, including Jens Hofma, CEO, Pizza Hut Restaurants UK; Jyotin Sethi, CEO, JKS Restaurants and Laura Harper Hinton, co-founder and CEO, Caravan.
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NewsWagamama in plastic reduction drive
The Asian restaurant chain is replacing the eight million-plus delivery bowls used annually with new packaging using recyclable material, removing up to 330 tonnes of virgin plastics
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NewsNando’s pulls ahead of rivals
The grilled chicken brand is expected to grow its outlet numbers by 4% in 2022 to reach 465, according to Lumina Intelligence’s UK Eating Out Market Report 2022
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NewsOpenings of the week
MCA rounds up the biggest opening news this week, featuring Wagamama, M Restaurants, Inception Group and San Carlo Group
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NewsTRG sees robust trading at Wagamama and Pubs
The group believes the performance and recovery at Concessions will offset the impact of inflationary pressures
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Analysis & InsightThirty years of Nando’s, Wagamama and a British food revolution
The Guardian analyses how Nando’s and Wagamama have revolutionised the UK restaurant industry
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NewsTRG’s CEO Andy Hornby’s £1m gravy train
Hornby has been blasted for taking a bonus after the owner of Wagamama and Frankie & Benny received £43m in furlough cash, This Is Money reports
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NewsWagamama reopens airport sites
The move comes amid “huge demand” for international air travel at UK airports, with all five of Wagamama’s airport sites now open
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Analysis & InsightBerenberg: ‘TRG’s growth outlook is best-in-class’
The analyst said that despite facing significant cost inflation this year, it thinks TRG can still outperform consensus earnings expectations
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InterviewsTRG: We won’t take customers for granted
Following The Restaurant Group’s full year results, CEO Andy Hornby tells MCA how delivery has plateaued at Wagamama, why he’s cautiously optimistic about the revival of concessions, and why the group won’t be hiking prices in line with inflation