The Restaurant Group’s blockbuster takeover of Wagamama’s is under threat as concerns mount over the logic of the deal.
Shares in the London-listed owner of Frankie & Benny’s and Garfunkel’s plunged last week after the £560m purchase of the popular noodle chain was unveiled.
Investors are being tapped for £315m of funding and the chain will take on more than £400m of debt, half of which is currently sitting on Wagamama’s balance sheet.
