Tag Archives: Tasty Plc

Wildwood cancels £5m credit facility earmarked for new restaurant openings

Wildwood cancels £5m credit facility earmarked for new restaurant openings

Tasty Plc, the owner of the Wildwood casual dining brand, has cancelled an unutilised £5m revolving credit facility that was previously earmarked for new restaurant openings. The decision is aimed at reducing its financing costs and will save the business around £35,000 per annum. Bosses at the firm said they have no plans to open

Tasty Plc replaces mystery visits with ‘big data’ to review performance

Tasty plc, the 65-venue restaurant chain and owner of the Wildwood and Dim T brands, has signed up with Feed It Back, the EPOS-linked guest feedback service, to deepen and make better use of guest analysis data. The move is part of a plan to leverage new technology and big data for rapid operational improvement. “We

Wildwood tweaks menus and reduces dishes as margin pressure bites

Tasty Plc, the owner of the Wildwood and Dim T restaurant brands, has gone back to its development kitchen to implement a major menu restructure as part of measures to cut costs and overcome margin pressure. The move is part of a strategy that also includes shutting underperforming stores and matching the promotional activity of rivals

Wildwood owner warns of restaurant closures as profits shrink

The owner of Wildwood and Dim T, which number 65 restaurants in the UK, has warned it will axe loss-making sites and dispose of certain fixed assets to raise cash after trading during the first half of the year fell short of expectations. Sales for the six months to July 2 at Tasty Plc reached

Tasty scraps plans for 15 kitchen projects this year

Restaurant group Tasty admits it will open fewer sites than planned this year in response to post year-end trade falling below its expectations. The company’s preliminary full-year accounts revealed some strong numbers, with turnover up 28% to £46m and gross profits increasing 26% to £5.3m Pre-opening profits rose 21%. The group, which operates the Wildwood

EDITOR’S VIEW: Savvy operators know they’ve got to close old doors to open new ones

For most multi-site operators in the foodservice business, the opening of new stores has always been held up as a measurement of success. It’s one of the reasons why the number of restaurant launches appears to increase every week even though the industry is renowned for its perennially high insolvency rate. Yet for all the

Wildwood owner shrugs off first-half loss to plan 17 new sites

Wildwood Restaurants owner Tasty Plc said yesterday that it is budgeting to open 17 new restaurants next year despite impairment costs against five sites causing it to suffer a pre-tax loss of £2.3m for the first half of the year. Sales at the group, which also operates the Wildwood Kitchens and Dim t brands, rose

Wildwood owner to invest in central kitchen infrastructure as it scales the business

Tasty Plc, the owner of the Wildwood and Dim t restaurant brands, will invest in its central kitchen infrastructure after revealing plans to accelerate its expansion in 2016. The group currently operates 50 restaurants — seven Dim ts and 43 Wildwoods and Wildwood Kitchens — but has at least another 15 in the pipeline. And