All Wagamama articles – Page 3
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Analysis & Insight
Pressures to grow shareholder returns remains for TRG
The pressure to make large disposals also remains, with shareholder Irenic saying improved trading ’highlights the gap between the company’s intrinsic value and its significantly lower share price’
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NewsTRG reports strong trading in year to date
The Restaurant Group has said it is reviewing its strategic options while accelerating the expansion of Wagamama, and reported progress on the rationalisation plan for its leisure estate
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InterviewsAlan Yau: ‘Restaurants are too capital intensive’
The Wagamama founder tells MCA about his next venture, a plant-based ramen food product created for retail that builds on the success of the casual dining concept he founded in 1992
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NewsActivist investors launch fresh attack on Wagamama owner
The salvo comes as The Restaurant Group’s finance chief steps down and its share price plunges by 20%, The Telegraph reports
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Masala Zone, Roxy Lanes, Wagamama, 200 Degrees, and more
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NewsFinnCap: Activist pressure on TRG likely to continue
Activist pressure will likely remain despite all resolutions passed with the requisite majorities at the AGM, albeit finnCap sees “considerable upside” for the group
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NewsActivist Coltrane seeks change at TRG
A New York-based investor has called for change at The Restaurant Group after taking a 3% stake, The Sunday Times reports
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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