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Wagamama announces franchise deal with Grupo Vips

22 July 2016 by
Wagamama announces franchise deal with Grupo Vips

Wagamama has announced the opening of its first site in Spain, following a multi-restaurant franchise deal with Spanish restaurant and retail group, Grupo Vips.

Wagamama in Madrid is due to open early next year, with more outlets in Spain and Portugal on the horizon.

The agreement with Grupo Vips adds another two countries to Wagamama's portfolio, following recent developments in France and Italy.

Wagamama's international managing director, Brian Johnston, said: "Opening in countries with such strong culinary heritages and flourishing restaurant scenes such as Spain and Portugal is a really exciting move for us. Grupo Vips is a strong and proven leader in the industry across the region and we're thrilled to be working together."

Grupo Vips is known for bringing brands such as Starbucks and TGI Fridays to the region.

Enrique Francia, CEO of Grupo Vips said: "Grupo Vips is continuously working in enriching and diversifying its brands portfolio, allying with the top international leaders of the restaurant industry to bring innovative concepts to Spain and Portugal. We are very proud and excited to incorporate such a consolidated and strong international brand as Wagamama to our offer, the most appealing and dynamic pan Asian restaurant chain worldwide."

Wagamama to open first site in Italy >>

Strong increases in turnover and profit for Wagamama >>
Ambitious casual dining brands drive restaurant openings >>

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