All Wagamama articles – Page 4
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Analysis & InsightTRG/PizzaExpress combination offers ‘compelling logic’
MCA asks industry commentators about a potential bid by PizzaExpress owner Wheel Topco for The Restaurant Group, a deal that could not only see cost synergies but combine two of the high street’s biggest brands
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NewsWagamama appoints people & culture director
Vicky Hall, previously head of people at Wagamama, replaces Matt Hudson
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NewsWhy is Wagamama so popular? The secret to its success
With the noodle chain’s owner TRG poised for new ownership, The Sunday Times gets a taste of how it conquered Britain
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Analysis & InsightTRG/Apollo: ‘It’s rather cheap’
Following a bid for The Restaurant Group to be taken private by US private equity giant Apollo Global Management, MCA hears from analysts and commentators about their verdict on the proposed £506m cash deal
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NewsWagamama showcases new Korean-inspired menu
The pan-Asian restaurant brand has launched a campaign that showcases its new menu of “nourishing bowls”, alongside new Korean street food favourites
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Analysis & InsightInterims ‘reinforce’ TRG’s negotiating position
Outperformance, delivered in a competitive environment, puts the Wagamama owner in a stronger position as it weighs potential asset disposals, according to analysts
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InterviewsTRG: ‘We’re reviewing our options from a position of strength’
CEO Andy Hornby tells MCA that the group’s Wagamama and Pubs divisions have seen real volume growth and outperformed the market, with the pace of expansion accelerated accordingly
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NewsThe Restaurant Group deliver strong sales growth
The group said it has made “significant progress” in the first eight months of the year, delivering strong like-for-like sales growth despite the consumer backdrop
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NewsActivist investor weighs bid for TRG divisions
Activist investor TMR Capital is reported to be weighing a bid for The Restaurant Group’s Brunning & Price and Leisure divisions
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Analysis & Insight
Pressures to grow shareholder returns remains for TRG
The pressure to make large disposals also remains, with shareholder Irenic saying improved trading ’highlights the gap between the company’s intrinsic value and its significantly lower share price’
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NewsTRG reports strong trading in year to date
The Restaurant Group has said it is reviewing its strategic options while accelerating the expansion of Wagamama, and reported progress on the rationalisation plan for its leisure estate
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InterviewsAlan Yau: ‘Restaurants are too capital intensive’
The Wagamama founder tells MCA about his next venture, a plant-based ramen food product created for retail that builds on the success of the casual dining concept he founded in 1992
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NewsActivist investors launch fresh attack on Wagamama owner
The salvo comes as The Restaurant Group’s finance chief steps down and its share price plunges by 20%, The Telegraph reports
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Masala Zone, Roxy Lanes, Wagamama, 200 Degrees, and more
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NewsFinnCap: Activist pressure on TRG likely to continue
Activist pressure will likely remain despite all resolutions passed with the requisite majorities at the AGM, albeit finnCap sees “considerable upside” for the group
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NewsActivist Coltrane seeks change at TRG
A New York-based investor has called for change at The Restaurant Group after taking a 3% stake, The Sunday Times reports
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InterviewsAndy Hornby: We let our trading do the talking
The Restaurant Group CEO shrugged off shareholder interventions and pointed to encouraging trading momentum across its four divisions, including its beleaguered Leisure division
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NewsRestaurant Group reports ‘encouraging trading’
Like-for-like sales at Wagamama were up 2% for the 13 weeks to 2 April 2023 but down 4% with its Leisure division, with the group to accelerate its previously announced rationalisation programme
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NewsOasis: TRG management ‘not aligned with shareholders’
The activist hedge fund has urged fellow shareholders to reject “pay without performance” at The Restaurant Group
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NewsOpenings of the week
MCA rounds up the biggest openings stories of the week, featuring Dishoom, Wagamama, Bundobust and more