Friday February 21, 2020

TRG buys Wagamama chain for £357m

The Restaurant Group, headed by former Paddy Power chief executive Andy McCue, said it believed there was the potential for 40-60 new Wagamama outlets in the UK

30th October, 2018
New Wagamama owner sees growth opportunities. Pic: Getty

It will also take on Wagamama’s net debt of £202m. Wagamama has 133 directly-operated restaurants in the UK and five in the US. It also has 58 franchised restaurants in other countries, including three in Dublin.

The deal is being funded through a mixture of cash, new debt and a proposed rights issue which will raise £315m.

"This transaction is an exciting and transformative opportunity to create a business which can pursue a...

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