Wagamama proprietor’s chairman to step down after activist marketing campaign
The chairman of Wagamama’s dad or mum firm is to step down after months of stress from activist traders, at the same time as its monetary efficiency outpaces that of rivals.Sky News has learnt that Ken Hanna, who has chaired The Restaurant Group (TRG) for the reason that starting of final yr, has knowledgeable boardroom colleagues of his intention to step down as soon as a successor is recognized.
In addition to Wagamama, TRG owns chains reminiscent of Chiquito's and Frankie & Benny's.The departure of Mr Hanna, a revered City determine who has chaired firms together with Aggreko and Inchcape, might be introduced as early as Friday.His plan to exit is known to have been motivated by a need to allow Andy Hornby, TRG's chief government, and colleagues to concentrate on steer...