Family restaurant chain behind Wildwood and Dim T shut 14 sites
10 April 2024, 20:44 | Updated: 12 April 2024, 19:21
The family restaurant chain behind Wildwood and Dim T have announced the closure of 14 sites across the UK.
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Tasty said it would be closing several restaurants as part of major restructuring plans.
It comes after a "challenging" start to the year, with the group's financial performance continuing to be "inhibited by a tail of underperforming sites".
Tasty runs 43 Wildwood restaurants and six Dim-T pan-Asian restaurants on top of two non-trading sites and three sub-let venues.
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It said it planned to only have 30 open by the end of the year.
A spokesperson said: "The use of a restructuring plan is considered the most effective means to reorganise the group to return it to profitability and secure its long-term future which should change the financial viability, profitability profile and long-term prospects of the group."
They added: "The group has made reasonable progress since the year end and despite difficult recent trading conditions, management continue to navigate through challenging times to mitigate cost rises and lower trading performance.
"The cost-of-living crisis, transportation strikes, and interest rate rises continued to significantly impact 2023 revenue and inflationary pressure on labour, food and utilities continue to adversely affect profitability.
"The group's financial performance has been inhibited by a tail of underperforming sites, despite efforts at improving operational performance."
Which Wildwood branches have closed?
- Wildwood Bicester
- Wildwood Birmingham
- Wildwood Brentwood
- Wildwood Cambridge
- Wildwood Chichester
- Wildwood Edinburgh
- Wildwood Kettering
- Wildwood Kingston
- Wildwood Ludlow
- Wildwood Market Hartborough
- Wildwood Plymouth Derry's Cross
- Wildwood Skipton
- Wildwood Worcester
Which Dim T branches have closed?
- Dim T Loughton
