NewsRestaurants
Oasis reiterates ‘need for transparency’ amid Wagamama’s performance
TRG, which owns over 400 UK restaurants and is also behind the Frankie and Benny's and Chiquito brands, fell by two-thirds over the past year
Oasis, the Hong Kong-based activist investor, has again reiterated the need for transparency from The Restaurant Group (TRG) – the owner of Wagamama – following a response to its open letter which demanded sweeping changes after a 65% slump in share over the past year.In an open letter last week, the activist company, which owns a 6.5% stake in TRG, demanded more transparency from the board of TRG regarding how the business is being operated.
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