Wagamama owner The Restaurant Group swings to loss


The owner of high street restaurant chains Wagamama and Frankie & Benny’s has swung to a half-year loss after being “severely impacted” by the coronavirus crisis.

The Restaurant Group, which operates around 350 pubs and restaurants on high streets, shopping centres and retail parks across the UK, suffered an adjusted pre-tax loss of £63m in the 26 weeks to June 28, compared with a £28m profit the prior year.

On a statutory basis, pre-tax losses widened from £79m to £208m during the period.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.