Wagamama s parent company, The Restaurant Group (TRG), agreed to a £506million buyout by private equity giant Apollo Global Management in late October.
Known once upon a time for its tangy ciders and flattish warmish ales, Britain, like other Anglo-Saxon countries, has seen an explosion in recent years of so-called craft beer and breweries. But the future of the industry is not looking good, going by official insolvency data procured by accountancy firm Price Bailey: 35 craft breweries went to the wall in the first half of 2023 almost as many as all of last year.