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.
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