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Restaurant Group Buys Wagamama

Published on Oct 30 2018 12:52 PM in Restaurant tagged: Restaurant Group / Wagamama

Restaurant Group Buys Wagamama

Britain's Restaurant Group has acquired the Wagamama noodle chain for £357 million in cash, expanding its chain of pubs, and airport and shopping mall eateries.

Marking A Shift

The deal marks a shift for Restaurant Group, most of whose restaurants and gastropubs focus on American, TexMex and traditional British cuisine, and is expected to generate cost synergies of about £22 million.

Wagamama began in 1992 in London's Bloomsbury and has expanded steadily into a national presence since, becoming a familiar feature on British high streets.

News by Reuters, edited by Hospitality Ireland. 

Irish Operations

Meanwhile, as reported by The Irish Times, Wagamama Irish franchise holder Press Up Entertainment issued a statement saying, "The sale of Wagamama global to Britain’s Restaurant Group will have no implications for the Irish outlets – each restaurant will continue to operate as normal."

Article posted by Dave Simpson for Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

 

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