Activist investor plots to break up restaurant group behind Wagamama
An activist investor is plotting to break up the hospitality group behind Wagamama as pressure grows on the company.
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An activist investor is plotting to break up the hospitality group behind Wagamama as pressure grows on the company.
Activist investors have launched a fresh attack on the parent company of Wagamama after its finance chief stepped down and its share price plunged by 20pc in one month.
The owner of Wagamama is facing pressure to split itself up, with its embattled management team expected to be questioned about pay and performance at the annual meeting this week. TMR Capital has become the latest investor to call for an overhaul of The Restaurant Group, after taking a small stake
TMR Capital has become the latest activist hedge fund to take a stake in Wagamama owner The Restaurant Group (TRG) as pressure builds on the company to break itself up, according to report by The Sunday Telegraph.
Restaurant Group PLC (LSE:RTN) (TRG), the owner of Wagamama and other hospitality brands, is facing criticism from another activist investor ahead of its...