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Wagamama to open its first restaurant in Madrid kicking off development agreement with Grupo Vips for Spain and Portugal

Madrid, July 22, 2016 - Grupo Vips y and the British based pan-Asian restaurant chain Wagamama (www.wagamama.comannounce the signing today of an exclusive franchisee agreement for development and operations in Spain and Portugal. The opening of the first Wagamama in Spain is targeted for Q1, 2017 in Madrid, to be followed by inaugurations of sites nationally as well as in the Portuguese market. 

Wagamama is a leading international restaurant chain, specialising in pan-Asian cuisine in the segment of “casual dining”. There are currently 158 locations in 18 countries. Wagamama was founded in 1992 and recent growth of the brand has included agreements for expansion in France, Spain, Portugal and Italy.

“Grupo Vips extensive experience in the introduction and development of successful international brands, such as Starbucks or Fridays, was an important factor in our decision to partner with them for entrance into Spain”, said Brian Johnston, International Managing Director of Wagamama. Enrique Francia, CEO of Group Vips commented on how this agreement ties into the Group’s current development strategy: “We are proud to incorporate Wagamama into our commercial operations as they are a proven international brand with years of success and strongly received in the countries where they operate”.

Wagamama is an innovative, modern pan-Asian restaurant format serving healthy food where each dish is cooked in view of the client. The concept is inspired by fast-paced, Japanese ramen bars and a celebration of Asian food.

 

About Grupo Vips

Grupo Vips is one of the leading multi-brand and multi-format groups in the food service and retail sector in Spain. It includes restaurants, cafés and shops. The company manages a total of 9 brands it either owns or operates under franchising agreements, including 6 well-known chains: VIPS (cafeteria - restaurant and shop), VIPSmart, Ginos, The Wok, TGI Fridays and Starbucks Coffee in Spain, Portugal and Andorra.

Moreover, the group has 3 fine dining restaurants including Lucca, Rugantino Casa Tua and Tattaglia. The company manages a total of 354 locations serving more than 120,000 customers a day. It runs a pioneer and restaurant sector-leading loyalty program, Club VIPS, with more than 1,000,000 members throughout Spain.  The app, which is unique in the market and was launched at the end of April 2015, has already been downloaded more than 450,000 times. Grupo Vips is a private equity company which was founded in 1969. Goldman Sachs Capital Partners V acquired 30% of the company in 2006. Grupo Vips employs more than 9,300 people and ended fiscal year 2015 with 377.6 million euros in turnover. www.grupovips.com/ App Club VIPS en: www.clubvips.com

 

About Wagamama

wagamama is a Japanese inspired restaurant combining fresh and nutritious food with friendly service and value for money. With the opening of its first restaurant in London’s Bloomsbury in 1992, wagamama unleashed a new dining experience in the UK. Now, wagamama operates in 18 countries.

wagamama has received a string of awards, including the 2015 CGA Peach Honours Award for the Best Evolutionary Brand, as well the 2014 Consumer Choice Award (voted for by over 20,000 UK consumers) for the number one brand in the UK. This was in the CGA Peach’s brand-tracker survey, based on customers’ ‘satisfaction’, ‘intention to revisit’ and ‘would you recommend to a friend’. wagamama was runner up in the ‘Best Brand’ category at the Marketing Society Awards 2015, plus the coveted ‘London's Favourite Chain Restaurant’ award in the 2013 London Zagat Guide. wagamama was also highly awarded as one of the Best Places For Kid’s Meals in the Soil Association’s 2013 “Out to Lunch”