Wagamama owners eye potential sale with US expansion in mind

Despite the news on 25 May that Asian-style noodle chain, Wagamama was outperforming the market, The Times is today reporting that owners, Duke Street and Hutton Collins may be considering a sale.

The casual dining brand's owners have appointed Goldman Sachs to review what a source described as “strategic growth options” for the group, The Times stated.

Preferred bidders are predicted be major US private equity firms with the funds to secure expansion for Wagamama in America.

The UK-based company, which is headed up by Jane Holbrook, was acquired by Duke Street and Hutton Collins for £215m in 2011. Since then the estate has more than doubled to 130 restaurants in the UK, five in the US and 51 international franchisees.