Forum Topic

Closing/In administration

Both Carluccio's and Wagamama!

Lucille Grant ● 2419d14 Comments

Did not know about Wagamama but had read about Carluccio's.  It is all SO depressing!

Ivonne Holliday ● 2419d

I can only see references to Carluccios which was having difficulties before. The only mention I picked up regarding Wagamama was arount a month ago about the group it belong to flooding a number of restaurants but not necessarily Wagamama ones. 

Michael Ixer ● 2419d

It was on Radio 4 I'm told

Lucille Grant ● 2419d

Carluccio's is definitely going into administration but I can't anything anywhere about Wagamama doing so, just earlier announcements by the owners that they are closing some of their restaurants. Perhaps that's been extrapolated to interpret it as closing all?

Richard Carter ● 2419d

Predictive got out of control there and I can't reward very well with my new distance glasses: "flooding" means "closing"!

Michael Ixer ● 2419d

Their website says that they are closing all branches for the duration because of Covid19.  Nothing on google about administration.

Rose Compton ● 2419d

I would be absolutely amazed if Wagamamas went into admin as the restaurant chain was very successful before Coronavirus. This sounds like #fakenews

Mike Essam ● 2419d

The group that owns Wags is making cuts but I can't see anything related to administration. https://www.standard.co.uk/business/frankie-bennys-wagamama-owner-closures-a4371816.html

Freddie Francis ● 2418d

Yes, this news is pre COVID-19 closures and arise from poor trading in 2019 of The Restaurant Group which owns several chains,  including Wagamama. I see from my newsfeed there's a Telegraph article today suggesting the Group may not be able to complete its restructuring because of the current financial environment. (It's behind a paywall so I read it.) I suppose the Group could end up in administration now but perhaps Wagamama will get sold off? But that's speculation. 

Michael Ixer ● 2418d

I read some time ago they overpaid for Wagamama which is also under proforming and has put a strain on there cashflow.

Allen Bracchi ● 2418d

I. Wooller ● 2417d

Carluccio's may not completely close down: the administrator appointed says he is hoping to mothball the business under the government support scheme and hoped, eventually, to find a buyer for all or parts of it.

Richard Carter ● 2416d

Surely the PoW will be picked up by someone - it is always heaving so can't imagine it isn't profitable?

Gabrielle O'Mahoney ● 2416d

I must admit that the headline on here about The Prince of Wales being unlikely to return once this crisis is over, did temporarily shock me (and I am not a monarchist), and then I realised that it referred to the public house. Still sad though.

David Ainsworth ● 2416d