Wildwood restaurant owner Tasty remains ‘cautiously optimistic’ amid ongoing labour shortages and inflation woes INFLATION Wildwood restaurant owner Tasty reported a 44 per cent revenue boost to £34.9m this morning, despite obstacles in re-opening stores.
Pubs hope to sell 14 million pints as St Patrick Day celebrations return ST PATRICK'S Pubs are anticipated to pull some 14 million pints tomorrow on the first St Patrick’s Day unmarred by Covid guidance in two years. The estimation comes from the British Beer and Pub Association (BBPA), who encouraged punters to support their local on Thursday. Venues lost out on an estimated £54m on St Patrick’s Day last [...]
Wagamama sales surge ahead of pre-Covid levels as the Restaurant Group ‘mindful’ of Ukraine inflationary impact WAGAMAMA RECOVERY Wagamama owner the Restaurant Group has reported sales surging ahead of pre-pandemic levels as the hospitality sector recovers from lockdowns. In full-year results, the operator said like-for-like sales at Wagamama, plus its pubs and leisure divisions, were well ahead of the 2019 comparable. Pub sales were up nine per cent while its leisure division saw [...]
US chain Wendy’s beefs up UK presence with 50 new branches November 25, 2021 Fast food chain Wendy’s plans to open 50 new locations across the country, marking the third attempt by the popular US burger chain to break the UK market, according to reports. The bold move was prompted by strong sales at five UK restaurant sites, including in Croydon and Stratford, according to the Financial Times, which [...]
Last Orders: Restaurant insolvencies jump 31 per cent amid rising expenses November 22, 2021 Restaurant insolvencies rise by 31 per cent as costs rise ahead of customer demand in a post-lockdown economy.
Wagamama owner hikes full-year estimates after sales surge November 16, 2021 Wagamama’s owner has upgraded its estimates for the financial year, forecasting adjusted EBITDA of up to £79m. In a trading update published on Tuesday morning, The Restaurant Group said its venues had traded well with like-for-like sales outperforming the market. There had been strong sales across the Wagamama brand, as well as its pubs and [...]
Former Cadbury chief to head Wagamama’s owner Restaurant Group October 27, 2021 Cadbury’s former chief financial officer Ken Hanna is reportedly set to become the next chairman of Restaurant Group, which owns several chains including Wagamama, Frankie & Benny’s and Chiquito. A stock market announcement is expected to be made on Thursday, Sky News reported, a day after hospitality companies learnt they will be given a 50 [...]
Wagamama owner Restaurant Group sees sales rebound as dining returns May 25, 2021 Wagamama owner Restaurant Group said sales were recovering well as Brits dined after the lifting of lockdown restrictions. The group, which has around 350 sites trading since the resumption of indoor dining, said delivery services were much higher before Covid curbs were eased. Some 130 of its Wagamama sites traded at 85 per cent of [...]
Make it to-go: Wagamama boss Emma Woods heads for the exit April 19, 2021 Make it to-go: Wagamama boss heads for the exit
Restaurant Group to close 125 sites as it looks to cut costs June 10, 2020 The Restaurant Group has announced plans to close 125 of its sites, as the company seeks to push down rents to weather the financial storm of the coronavirus crisis. The closure, which puts around 3,000 jobs at risk, will mainly impact its Italian-American-themed Frankie & Benny’s chain. It marks a significant cut to the size [...]