All Wagamama articles – Page 16
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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.
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NewsLion in talks to back Ramsay
Lion Capital, the private equity backer of Loungers, is in talks to back Gordon Ramsay’s restaurant group, MCA has learnt.
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Analysis & InsightNeeds must
The Casual Dining Group (CDG) and Wasabi were both featured in the press over the weekend, linked with the need to make necessary changes to their businesses. One is taking a proactive approach to bring landlords to the table to discuss issues it faces with rental levels at a handful of sites, while the other claims it is looking for an injection of capital to support its next phase of growth. But, is one being more realistic with itself and the impact of the current harsh trading environment than the other, asks Mark Wingett.
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NewsAnalysts corner: Peel Hunt on TRG/Wagamama
Peel Hunt analysts Douglas jack and Ivor Jones have expressed “considerable doubts” about The Restaurant Group (TRG)’s plans to acquire Wagamama.
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News
Malkov named MD of Park Chinois
Yishay Malkov, one of the key driving forces behind the development and expansion of the Ivy Collection, has been appointed managing director of Park Chinois, the Alan Yau-inspired, high-end Chinese restaurant and bar venue in Mayfair, MCA understands.
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NewsAnalysts corner: Barclays on Wagamama sale
Following the news that The Restaurant Group (TRG) has set the wheels in motion to acquire Wagamama, Barclays lends its thoughts on the subject, and warns the brand not to go changing.
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NewsTRG gambles big on Wagamama deal
The Restaurant Group (TRG) chief executive Andy McCue has rolled the dice and landed on Wagamama – arguably the UK restaurant sector’s best-in-class concept. It is a gamble that many would argue the Frankie & Benny’s operator had to take, but – with TRG’s shareholder still to OK the deal – what does it mean for both businesses and for the wider sector, asks Mark Wingett.
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NewsAnalysts corner: TRG’s acquisition of Wagamama
Following the news this morning that The Restaurant Group is to acquire Wagamama, we round-up some of the latest analysts’ reaction on the deal, including Shore Capital, Goodbody, Berenberg and JP Morgan.
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NewsTRG swoops in to purchase Wagamama in £357m deal
The Restaurant Group (TRG) has announced it has conditionally agreed to purchase the entire capital of Mabel Topco Limited – the holding company of a group that owns and operates Wagamama.
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NewsSushi Daily appoints ex-Autogrill CEO
KellyDeli, the operator of Sushi Daily, has appointed its first externally-recruited chief executive, Silvano Delnegro.