All Wagamama articles – Page 5
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NewsRestaurant Group CVA is ‘reshaping the face of casual dining’
The Restaurant Group’s announcement yesterday that it is proposing a CVA for it’s long-troubled leisure division was a major, if not entirely unsurprising development, in a coronavirus-dominated news cycle. Under the proposals, the company voluntary arrangement will allow for a restructure of the estate, which will see it exit 125 ...
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NewsTRG launches CVA to close 125 sites
The Restaurant Group has announced a proposal to enter a company voluntary arrangement (CVA) for its leisure estate.
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NewsRestaurant Group in talks over leisure restructure
The Restaurant Group has confirmed it is in discussions with landlords regarding “potential restructuring options” of its leisure estate.
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NewsWagamama eyes full estate open in ‘six or nine months’
Wagamama CEO Emma Woods said the restaurant chain is preparing for a “new normal” in customer habits as it revealed its first ever collection service for customers.
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NewsTRG to close up to 120 sites
The Restaurant Group is to permanently close between 100 and 120 of its leisure brands sites.
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NewsFrankie & Benny’s to close a “large number” of sites
The BBC has reported that a “large number” of Frankie & Benny’s restaurants are to close. It said an email to staff sent by the Restaurant Group says many sites are “no longer viable to trade and will remain closed permanently. The Covid-19 crisis has significantly impacted our ability to trade profitably, so we’ve taken the tough decision to close these restaurants now,” the email said.
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NewsSector sees another week of reopenings
MCA rounds up the latest reopenings in the hospitality sector.
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NewsWagamama to open 67 more sites for delivery and collection
Wagamama will reopen 67 sites for delivery and collection by the end of June, MCA can reveal.
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Analysis & InsightNavigating the double edged sword of delivery
Delivery and takeaway are one of the only tangible ways left for operators to serve customers during the coronavirus outbreak. With consumers no longer able to eat out, common sense logic assumed they would simply transfer spending to delivery. Yet for various reasons, this has not played out as expected, ...
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NewsWagamama to return to deliveries
Wagamama is set to commence offering deliveries from four dark kitchens. The chain says it has devised a schedule that will allow staff to “slowly return to delivery-only work at their own discretion” as part of a “test and learn approach” for the business.
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NewsPeter Martin: If there’s one debt you do need to pay
So the waiting game begins. After the last weeks of frenetic activity as the hospitality sector lobbied hard for Government lifelines, most companies are locking themselves into survival mode.
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NewsTRG models ‘pessimistic’ slow recovery scenario
The Restaurant Group has modelled a “pessimistic scenario” for the current financial year, which would see 400 of its sites reopened gradually between July and December.
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NewsTRG raises £57m in share placing
The Restaurant Group has raised £57 million following the succes
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NewsTRG downsizes exec pay and operations
The Restaurant Group has announced an extension to its lending facilities, executive pay cuts and a downsizing of its board.
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NewsWagamama launches cook-at-home video series
Wagamama has become the latest operator to launch its own cooking lesson video series to reach out to consumers in the closure period.
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NewsTRG: no plans to put any more brands into administration
The Restaurant Group has no current plans to put any more of its brands into administration, MCA understands, including Frankie & Benny’s, Brunning & Price and Wagamama. Last week TRG filed a notice of intention to appoint an administrator for Chiquito, which makes up part of its 350-strong leisure arm ...
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Analysis & InsightAnalysts’ verdict: Goodbody on the leisure shutdown
With the pubs and restaurants now closed the remainder of the leisure sector saw further restrictions last night with collection and delivery now also being impacted.
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NewsWhy are big brands abandoning takeaway and delivery?
Takeaway and delivery last week emerged as a possible silver lining to the biblical storm clouds posing an existential threat to the restaurant and bar industry.
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Analysis & Insight
Goodbody on M&B, TRG, Marston’s
Mitchells & Butlers, Restaurant Group and Marston’s all seeing a significant impact from COVID-19
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NewsTRG predicts 2020 sales decline of 25%
The Restaurant Group has predicted an overall decline in like-for-like sales of 25% in FY2020 as it has experienced an “increasing and material impact” of COVID-19 in recent weeks.