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Wagas (restaurant)

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Restaurant chain in China
A wagas restaurant at Lize Sky Mall, Fengtai District, Beijing, China

Wagas (Chinese: 沃歌斯; pinyin: Wògēsī) is a Western cuisine restaurant chain in China, headquartered in Jing'an District, Shanghai.

In 2022, it had 250 restaurants.

History

Originating in Shanghai, it began operations in 1999, established by John Christensen from Denmark. His business partner was an Australian named Jackie Yun.

The company began a bakery chain called Baker & Spice in 2010.

Wagas, by 2016, opened its first Shenzhen location.

In 2021 various investing groups showed interest in purchasing the company. Jollibee, Restaurant Brands International, and Yum China considered acquiring Wagas. In February 2022 Advent International had made moves towards acquiring Wagas. In September 2022 Advent acquired 60%, a controlling stake, in Wagas.

See also

References

  1. "Home". Wagas. Retrieved 2022-10-05. 225 Xi kang Lu, 2nd Floor, Shanghai,China 200040 - Address in Chinese: "上海市西康路225号2楼"
  2. ^ McCarthy, Sebastian (2022-09-20). "Advent snaps up 60% stake in Chinese food firm Wagas". Financial News. Retrieved 2022-10-05.
  3. ^ "Chinese Healthy Food and Bakery Chain Wagas Weighing Sale". Bloomberg News. 2021-10-18. Retrieved 2022-10-05.
  4. Yao, Jing (2012-12-07). "Long break for Coffee". China Daily. Retrieved 2022-10-05.
  5. Yuan, Ziyi (2016-12-31). "New Restaurant: Wagas". Thats Shenzhen. Retrieved 2022-10-05.
  6. "Owner of Tim Hortons looks at buying China health food restaurant chain Wagas". Toronto Star. Bloomberg L.P. 2021-11-09. Retrieved 2022-10-05.
  7. "Advent in Advanced Talks to Buy Chinese Bakery Chain Wagas, Sources Say". Bloomberg News. 2022-02-21. Retrieved 2022-10-05.

External links

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