Chief executive Andy Hornby said that TRG has "responded decisively" to restructure the businesses while preserving the "maximum number of long-term roles for our colleagues". Under the prime minister's current "roadmap" for easing lockdown restrictions, hospitality venues will be able to reopen for customers dining outside 12 April at the earliest, with indoor dining set for 17 May.
The firm, which now has about restaurants, pubs and concessions, said the additional funds it planned to raise would be the "last step" in the restructuring plan as it prepares to reopen sites once restrictions lift.
It said Wagamama delivered "exceptional" like-for-like sales growth when it was open for dine-in trading and that the Wagamama restaurants operating takeaways and delivery services saw sales two and a half times higher than pre-Covid levels. But Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said that it could take some time for pent-up demand to "unleash" as restaurants reopen.
Separately, the owner of delivery giant Just Eat said on Wednesday that it expected orders to ramp up further in Dutch-based Just Eat Takeaway. Boss of restaurant chain blames high demand, supply chain problems and EU workers leaving after Brexit UK labour crisis could last up to two years, CBI warns. Chief executive Thomas Heier said the pan-Asian restaurant chain has staff shortages at 30 of its sites. Worker shortage will lead to UK food price rises, industry warns.
Read more. Its US business has a local management team and manages its own supply chain and operations, although it continues to leverage the UK head office and infrastructure where needed. Additionally, Wagamama has a presence in Europe, the Middle East and New Zealand via 58 franchised restaurants in 23 countries. Franchise arrangements are with a variety of partners, which each have exclusivity for a specific territory.
The company headquartered in London and employs more than 6, staff. Save my name, email, and website in this browser for the next time I comment. News Shortlist Vote Tickets. Restaurants by Andrew Seymour on 30th October Story continues below. Tags : The Restaurant Group Wagamama.
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