Wagamama owner to raise £175m because of Covid struggles

The Restaurant Group’s revenues fell 57% in 2020 on back of hospitality restrictionsCoronavirus – latest updatesSee all our coronavirus coverageThe Restaurant Group, the owner of the Frankie & Benny’s and Wagamama chains, is planning to raise £175m as it continues to struggle with the impact of Covid-19.The company said the outlook for the hospitality industry remained uncertain as long as coronavirus restrictions stayed in place. Continue reading... https://www.theguardian.com/business/2021/mar/10/wagamama-owner-to-raise-175m-covid-struggles-the-restaurant-group #restaurant_group #food_&_drink_industry #business #hospitality_industry #uk_news #coronavirus #services_sector #restaurants #pubs