Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Wasabi seeks rent payment changes to aid expansion bid

26 February 2018 by
Wasabi seeks rent payment changes to aid expansion bid

Japanese-style grab-and-go chain Wasabi Sushi & Bento has asked landlords to alter rent payment agreements as it pursues an "ambitious expansion programme".

The chain, which launched in 2003 and has 51 stand-alone outlets as well as concessions in five branches of Marks & Spencer, is seeking to switch to a monthly payment scheme, reports EG News and Data.

A spokesperson for the company said: "Wasabi Sushi & Bento has an ambitious expansion programme planned for 2018 and 2019 and has asked landlords for a change in rent payment agreements, in line with many other UK retailers, in order to allow the company to manage funds more efficiently."

Group companies accounts for the period to 31 December 2016 show gross profits of £35m.

Wasabi to trial sushi counters in M&S stores>>

Wasabi to open Asian-inspired bakery Soboro>>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking