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Wagamama employees set to share £4m bonus pot following sale

20 December 2018 by
Wagamama employees set to share £4m bonus pot following sale

Wagamama employees are set to receive bonuses of up to £2,000 when its acquisition by the Restaurant Group is completed.

It's understood that a £4m bonus plot will be shared among staff who have been with the company for more than a year, with head chefs and managers set to receive £2,000 and waiting staff £1,000.

The move comes after Pret a Manger gave its staff £1,000 bonuses on the completion of its sale to JAB Holdings earlier this year and is said to have been spearheaded by outgoing Wagamama CEO Jane Holbrook.

The owner of Garfunkel's, Frankie & Benny's and Chiquito will purchase 133-site Wagamama in a deal that values the company at £559m.

Shareholders have approved its purchase last month with about 60% voting in favour.

The acquisition is expected to complete by the end of the year.

Rights issue gives green light to Restaurant Group's Wagamama purchase>>

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