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Evening Standard
Evening Standard
Business
Joanna Hodgson

Under-pressure Wagamama owner to axe 35 sites but cheers ‘encouraging’ trading

The Restaurant Group has recorded deeper losses but cheered “very encouraging” recent trading and outlined growth plans, in an update the Wagamama owner will hope subdues pressure from activist investors.

The casual dining operator has had a turbulent few years with lockdowns, and more recently challenges have included soaring energy bills and criticism from a investor around its share price performance.

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