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Wagamama deal, pub openings boost Restaurant Group sales

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Wagamama deal, pub openings boost Restaurant Group sales
FILE PHOTO: People walk past a branch of restaurant chain Wagamama in Manchester, Britain September 21, 2017. Picture taken September 21, 2017. REUTERS/Phil Noble   -   Copyright  PHIL NOBLE(Reuters)
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(Reuters) – Restaurant Group Plc, the owner of the Frankie & Benny’s chain, reported a 57% jump in total sales for the 19-week period ending May 12, boosted by the recent acquisition of noodle chain Wagamama and new pub openings.

The company, which operates restaurants and pubs in the UK under brands such as Chiquito and Coast To Coast, said its pubs business for the reported period, traded ahead of the overall pub restaurant sector. []

Restaurant Group had acquired Wagamama for 357 million pounds in cash last October.

(Reporting by Karina Dsouza in Bengaluru; Editing by Shounak Dasgupta)

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