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By Ian Walker PizzaExpress Group owner Wheel Topco doesn't plan to make a formal offer for Wagamama owner Restaurant Group due to market conditions, it said...
The FTSE 100 closed 0.1% down after another muted session, buoyed by resilience in the retail sector. Primark-owner AB Foods reported a 16% increase to full-year revenue, hiked its shareholder...
PizzaExpress's parent tabled a secret proposal this year to reverse into The Restaurant Group in return for a big stake in the company, Sky News learns.
Britain's Restaurant Group said on Thursday it had received a request for information from PizzaExpress Group owner Wheel Topco Limited to evaluate a possible offer for the Wagamama owner. ...
The Wagamama owner, which has been struggling with falling margins amid soaring costs and sluggish recovery post-pandemic, will consider Wheel's proposal, the company said in a statement, adding that there had been no indication of a possible offer. The Restaurant Group on Oct. 12 had agreed to be taken private by private equity firm Apollo Global for 506 million pounds ($611.05 million). It also faced pressure from shareholders and activist investors Irenic Capital and Oasis Management in recent months to change management and improve profitability.