30 october 2018
wagamama appoint goldman sachs to review strategic growth options
we have announced today that we have appointed goldman sachs to review the strategic growth options for our business.
our owners duke street and hutton collins bought the company in 2011 and they are both long-standing and supportive shareholders.
we have performed strongly in the uk for many years and we are expanding globally. currently we run 130 restaurants in the uk, 5 in the us in new york and boston and have 57 franchise restaurants around the world. in recent months we have also strengthened our us management team and we are opening 2 new sites in new york in the next 12 months.
our successful growth strategy is reflected in our results. we recently recorded an unprecedented 208 consecutive weeks of uk market outperformance, outperforming the market* by 8.2% (*data from the coffer peach tracker).
jane holbrook, our ceo, said “our vision is for wagamama to become an iconic global brand and we are excited to explore the strategic options which will help us do this.”