All Tasty articles
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NewsTasty business as rockstar restaurateurs Page and Plant join forces
Following a £9.25m cash injection, the casual dining operator is in talks with multiple businesses and hopes to announce its first acquisitions in the next six months, incoming executive chairman David Page tells MCA
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NewsTasty raises £9.25m
Proceeds will be used to invest in the group’s existing restaurants; tech and operations; acquisitions; and provide working capital support to deliver its revised growth strategy
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NewsTasty announces £9.25m fundraising to invest in growth
The casual dining operator has proposed to change its name to Bow Street Group and appoint David Page as executive chairman, with aspirations to deliver four to six acquisitions over the first three years
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NewsDavid Page in talks to raise £10m for Tasty
The placing would see Tasty renamed Bow Street Group, while the former Fulham Shore boss would take on the role of executive chairman at the London-listed Wildwood and dim t operator
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NewsTasty returns to profit following site closures and restructuring
Revenue dropped 21.9% to £36.6m, largely due to the reduced estate and one fewer trading week, while LFL sales declined 4.5%
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NewsTasty reports challenging trading amid restructuring efforts
The operator of Wildwood and dim.t reported a difficult second half of 2024 as the group grappled with declining consumer confidence, reduced spending, inflation and rising labour expenses
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NewsTasty agrees £2.5m insurance claim
The Wildwood operator said trading continues to be challenging, with the key December period said to be “disappointing”
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NewsTasty improves profitability despite revenue drop
The operator of Wildwood and Dim T restaurants achieved revenue of £19.1m for the half year to 30 June 2024 – a decline of 12%, however operating profit improved over the period, from a loss in 2023.
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NewsTasty forecasts uplift in profitability
As part of a restructuring plan, the group renegotiated seven rent agreements and exited 19 loss-making sites sites
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NewsTasty restructuring plan approved by creditors
The loan and restructuring plan are expected to stabilise the Wildwood and Dim-T operator, while ensuring its transformation to meet new opportunities in FY25
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NewsTasty reveals 14 site closures
The business will shut 13 Wildwood restaurants and one Dim T as part of its restructuring plan, which will see it exit 20 loss-making sites in total
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NewsTasty losses widen
The Wildwood and Dim T operator reported a 0.9% increase in revenue to £21.7m, with loss after tax increasing to £2.7m in H1 2022
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NewsTasty appoints new FD
Gordon Browne, who has worked as FD at Oakman Group and Chopstix Group, joins the Wildwood and Dim T operator
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NewsTasty selling two sites, considering further closures
The group is also considering converting further Wildwood restaurants to its dim t brand following a successful rebrand in Loughton
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NewsTasty CFO to step down
Mayuri Vachhani is to step down from her role and leave the restaurant group on 31 March 2023 in order to pursue other opportunities, with Ian Davies appointed as her replacement.
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NewsTasty faces ‘severe headwinds’
The Wildwood operator reported a loss after tax of £2.7m, as it warned inflationary pressure on labour, food and utilities was impacting the business “considerably”
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NewsTasty repays bank loan early
The Wildwood operator has done away with its £1.25m facility with Barclays, and believes it is in a strong position to open five to six new sites in 2022, with one currently under offer
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NewsTasty appoints Harald Samúelsson as exec director
Formerly an independent non-exec director, Samúelsson takes up his new role with immediate effect, with Wendy Dixon appointed as a new independent non-exec director
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NewsTasty ‘cautiously optimistic’ about estate expansion
The operator of Wildwood and dim t restaurants said it expects to open around five to six new units this year, in a “measured expansion plan”, following a profit turnaround last year
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NewsTasty EBITDA positive
The Wildwood restaurant operator plans to open five or six new units this year