Business Irish

Saturday 21 September 2019

Pot luck: Irish staff miss bonus at Wagamama

Wagamama
Wagamama

Staff at Irish outlets of popular Asian restaurant chain Wagamama are to miss out on a £4m (€4.4m) bonus pot being doled out to UK staff.

That's because the Irish operations are run separately as a franchise which is not part of the UK arm.

The Irish franchise is owned by Paddy McKillen Jr's Press Up Entertainment, which operates a series of upmarket venues in Dublin including the Stella Theatre in Rathmines, the Dean Hotel on Harcourt Street and the Vintage Cocktail Club in Temple Bar.

The UK employees are getting the bonus with Wagamama being sold to the Restaurant Group, which is run by former Paddy Power chief executive Andy McCue. The soon-to-be former owners, private equity firm Duke Street, are paying out the bonus after making a strong return on their investment in the chain.

Irish Independent

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