Wildwood restaurant owners planning to shut branches

It's unknown if the Salisbury venue might be affected by restructuring plans

Author: Faye Tryhorn and Henry Saker-Clark, PA Published 9th Apr 2024

There's some uncertainty over the future of Salisbury's Wildwood restaurant - as their owners announce plans to shut twenty of their venues.

Tasty say they've had a 'challenging' start to the year, and put forward a restructuring plan.

But haven't yet revealed which loss-making branches are set to close.

The Salisbury restaurant on Queen Street remains open at this time.

Tasty currently has 43 Wildwood restaurants in operation, six Dim-T pan-Asian restaurants, two non-trading sites and three sub-let venues.

The hospitality group says its financial performance "continues to be inhibited by a tail of underperforming sites, despite efforts at improving operational performance".

The company added: "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."

It will also enter into a new £750,000 loan agreement with Bet365 shareholder Will Roseff in order to fund the restructuring.

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