Published:
/Wagamama
Hedge fund Oasis takes 5% stake in The Restaurant Group
The Restaurant Group owns the Japanese-inspired restaurant Wagamama.
Hong Kong-based hedge fund Oasis Management has taken a 5% stake in casual dining and pub operator The Restaurant Group.
Oasis has been known to be an agitator for change in UK businesses such as acquiring nearly a fifth of the shares of British food manufacturer Premier Foods and then leading a campaign to oust long-standing chief executive Gavin Darby by accusing him of "persistent value destruction".
In 2022, the Restaurant Group’s share price plummeted 65% despite sales in six months to July nearly doubling compared to the period in 2021.
