The chief executive of Wagamama‘s owner The Restaurant Group (TRG) has claimed that dining out will never be as popular as it was pre-pandemic – but reassured chains will not disappear from the British high street altogether.
“I don’t think the [casual dining] industry will never be quite as big as it was,” Andy Hornby, head of The Restaurant Group (TRG) said,
Hornby, who also heads popular eateries such as Frankie & Benny’s, told the outlet that people were still “prepared to spend money on good quality food and drink” as he argued that “good performing, well-run food and drink operators do have a good future in this country”.
The reassurance comes as the UK’s restaurant market has faced unprecedented challenges over the past three years, largely fueled by the Covid-19 pandemic and now the cost-of-living crisis.
The listed restaurant group, which also owns Frankie & Benny’s, said that it will look to convert a handful of sites to Wagamama restaurants – its most popular brand.
Speaking at the time, Hornby said: “Current trading has been very encouraging to the great credit of our teams who continue to ensure our customers receive the best experience possible.”