All Wagamama articles – Page 14
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NewsCapdesia amongst Wasabi bidders
London-based private equity firm Capdesia, which was founded last year by Christopher Unrath and Niels Lorijn, formerly of US private debt firm CapitalSpring, is one of the remaining bidders to acquire a stake in Wasabi, the sushi and bento chain.
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NewsMcCue increases stake in TRG
Andy McCue, chief executive of The Restaurant Group, has shown his confidence in the company’s acquisition of Wagamama being a positive for the business, after acquiring close to c£50,000 worth of shares in the Frankie & Benny’s operator.
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OpinionLines from a legend
With 50 years’ experience in the UK’s hospitality sector, primarily in the development of multiple successful branded restaurant concepts, Ian Neill was quite rightly honoured earlier this year with the inaugural lifetime achievement award at MCA’s Retailers’ Retailer of the Year Awards in March. The driving force behind the formative years of PizzaExpress and the growth of Wagamama from one site to 110 worldwide, recently sat down with Mark Wingett to discuss the current state of the market, delivery, the pub sector and of course a certain deal.
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NewsCope steps down as Byron CEO
Simon Cope has stepped down as chief executive of Byron, the Three Hills Capital Partners-backed burger chain, MCA has learnt.
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NewsTamatanga to open third site, at Highcross; plans for more
Indian casual dining restaurant Tamatanga is to open a third site in Leicester’s Highcross shopping centre, and has plans to expand outside the Midlands, MCA has learnt.
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NewsTRG shareholders approve Wagamama deal
Shareholders of The Restaurant Group have approved its £559m bid to acquire Wagamama.
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NewsBenihana confirms Glasgow
Benihana, the global Japanese teppanyaki concept, has confirmed its first UK site in eight years will open in Glasgow.
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NewsLeon confirms first Ireland site, to open Q4 2019
Leon has confirmed its first site in Ireland, with an opening in the Dundrum Town Centre in Dublin at the end of 2019.
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NewsLeading TRG shareholder against Wagamama deal
One of The Restaurant Group’s (TRG) biggest shareholders has come out in opposition to the company’s proposed £559m acquisition of Wagamama.
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News
Clockjack liquidated
Clockjack, the chicken restaurant turned delivery only concept, has been liquidated.
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NewsTRG pulls out of Peach talks
The Restaurant Group (TRG) has pulled out of talks to acquire Peach Pub Company, the Midlands-based, multiple pub operator, as it puts all its focus on getting its proposed £559m acquisition of Wagamama across the line, MCA understands.
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OpinionFinding the perfect PE bedfellow
Seeking a partnership with private equity can be a daunting and complex challenge for operators. There are a number of variables to consider before choosing the right partner, according to AlixPartners’ Graeme Smith. Includes the experiences of operators and investors, including Flat iron’s Jo Fleet and Daniel Smith of Livingbridge
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NewsInvestors wade in to support TRG strategy
The Restaurant Group has received backing for its bid to acquire Wagamama from top 5 investor Jo Hambro.
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NewsTRG investors savage Wagamama bid
The Restaurant Group’s bid to acquire Wagamama has come under fresh pressure after two investors said the deal would destroy shareholder value.
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NewsNovember 2018
MCA reflects on the big stories of the past month, including The Restaurant Group’s bid to acquire Wagamama; the decision by long-time Greene King CEO Rooney Anand to step down and GBK becoming the latest sector name to pursue a CVA. Among the profiles this month are the recently appointed chief executive of Gaucho, Martin Williams, on his vision for the future and the first interview with Clive Chesser, who left Greene King to head up Punch in the summer.
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Opinion
Analysts corner: Peel Hunt on TRG
Peel Hunt analysts Douglas Jack and Ivor Jones have updated their comments on The Restaurant Group’s bid for Wagamama, saying yesterday’s rights issue announcement failed to address the key issues. They set out some of the questions they believe investors should be asking of the group.
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Analysis & Insight
Sector sagas keep us all guessing
Dominic Walsh reflects on an action-packed few weeks in the sector, which has seen big deals, high-profile resignations and further twists in the Patisserie Valerie saga.
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NewsTRG launches £315m rights issue
The Restaurant Group (TRG) has confirmed its fully underwritten rights issue to raise £315m for the proposed acquisition of Wagamama.
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NewsAnalysts corner: Goodbody on TRG/Wagamama deal
There have been a range of positive and negative reactions from analysts following the proposed sale of Wagamama to The Restaurant Group, but despite some concerns Goodbody feels is it a deal that can deliver.
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NewsPizzaExpress agrees exclusive delivery deal with Deliveroo
Deliveroo, the online food delivery company, has announced that it is now working with 17,000 restaurants and takeaways across the UK.