The owner of the Frankie and Benny’s and Wagamama restaurant brands has announced plans to raise £175m while revealing a huge toll on its finances as the coronavirus crisis continues.
Read the full article on the Sky News website
NAM Implications:
- This will be no surprise to anyone in hospitality…
- …and but one of many, as survivors struggle to the surface in un-lockdown.
- Cut-to-fit (38% of outlets closed) has obviously been applied…
- …but £175m still required.
- Fingers crossed…
