Wagamama workers' £4m bonus
Wagamama staff are to receive Christmas bonuses of up to £2,000 each following the £559 million sale of the restaurant chain.
The Press Association has learned that around 4,000 staff will share in a £4m bonus pot as part of a payout ordered by outgoing CEO Jane Holbrook and Wagamama’s former private equity owner Duke Street.
Head chefs and managers will get £2,000 each, while waiting staff will pocket £1,000, provided they have worked at Wagamama for more than 12 months.
It is understood that the bonus is meant as a token of appreciation from Ms Holbrook and Duke Street, which will receive a massive windfall from Wagamama’s sale.
Duke Street acquired Wagamama in 2011 for £215m and last month sold the chain to Frankie & Benny’s owner, The Restaurant Group, in a £559m deal.