Three Wagamama restaurants in Dublin have closed after joint receivers appointed to part of the Press Up Hospitality Group failed to reach agreement with Wagamama UK for the continued operation of the franchise in Ireland.
Trading has ceased with immediate effect at Wagamama Dundrum Town Centre, Wagamama Blanchardstown Centre, and Wagamama South King Street in Dublin city centre.
Portalon Limited, the business within Press Up that operates the three restaurants, has 106 employees and the joint receivers will enter a consultation period with all staff.
It is hoped that as many affected staff members as possible will be redeployed across the wider Press Up group.
Agreement has been reached with the respective landlords of Wagamama South King Street and Wagamama Blanchardstown Centre for these location to remain as operating venues within the Press Up group and the company is hoping to have new offerings ready at these sites in the next 4-8 weeks.
The Press Up group will not continue to trade at the Dundrum Town Centre location.
Last week, London-based investment firm Cheyne Capital took control of Press Up and appointed KPMG’s Shane McCarthy and Cormac O’Connor as receivers to four businesses that control 12 venues under the Elephant & Castle, Wagamama and Wowburger brands.
