LEGAL | Staff Reporter, UK

Nando's owner takes £4m majority stake in Wahaca

Wahaca was forced to close 11 outlets after the pandemic struck.

The South African founder of Nando’s has stepped in to rescue Wahaca, which entered a company voluntary arrangement (CVA) due to hardships experienced amidst the coronavirus pandemic.

Dick Enthoven has acquired a majority stake in Wahaca’s parent company, Oaxaca Limited, and has also extended a loan to the business as part of a recent financial restructuring. The Sunday Telegraph first reported the investment by the billionaire to total £4 million.

Wahaca was founded by Masterchef winner Thomasina Miers and Mark Selby in 2006, with its first restaurant opening in London's Covent Garden in 2007. The duo went on to open 27 sites across the UK. Due to the pandemic, it was forced to close 11 outlets, slightly higher compared to the 10 stated in earlier reports.

The chain's outlets in England will reopen on 3 December and are currently offering a takeaway service. Sites in Cardiff and Edinburgh are open for dine-in.

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