Family restaurant chain with 54 branches announces 18 sites are to shut - check if yours is at risk

A family restaurant chain owner with 54 branches has announced that 18 sites are to shut, amid the ongoing hospitality crisis.

Tasty, the owner of Wildwood and Dim T restaurants has said it plans to close around 20 loss-making venues after a ‘challenging’ start to the year in a major restructuring plan.

It also announced that to fund the restructure, the company has struct a loan agreement with Bet365 shareholder Will Roseff for £750,000.

Tasty currently operates 43 Wildwoods and six Dim-T pan-Asian restaurants, as well as two non-trading sites and three sub-let venues.

Tasty, the owner of Wildwood and Dim T restaurants has said it plans to close around 20 loss-making venues after a ‘challenging’ start to the year in a major restructuring plan (stock image)

A spokesperson said: ‘The use of a restructuring plan is considered the most effective means to reorganise the group to return it to profitability and secure its long-term future which should change the financial viability, profitability profile and long-term prospects of the group.’

It added: ‘The group has made reasonable progress since the year end and despite difficult recent trading conditions, management continue to navigate through challenging times to mitigate cost rises and lower trading performance.

‘The cost-of-living crisis, transportation strikes, and interest rate rises continued to significantly impact 2023 revenue and inflationary pressure on labour, food and utilities continue to adversely affect profitability. The group’s financial performance has been inhibited by a tail of underperforming sites, despite efforts at improving operational performance.’

Check if your restaurant at risk of closure

Dim T, Charlotte Street, London

Dim T, Hampstead, London

Dim T, Victoria, London

Dim T, Whiteley, Hampshire

Dim T, Winchester, Hampshire

Wildwood, Epping

Wildwood, Bicester

Wildwood, Braintree

Wildwood, Maidstone

Wildwood, Taunton

Wildwood, Market Harborough

Wildwood, Crawley

Wildwood Skipton

Wildwood, Lincoln

Wildwood, Billericay

Wildwood, Birmingham

Wildwood, Salisbury

Wildwood, Whiteley

Wildwood, Peterborough

Wildwood, Kingston

Wildwood, Canterbury

Wildwood, Gerrards Cross

Wildwood, Newmarket

Wildwood, Bournemouth

Wildwood, Chichester

Wildwood, Ely

Wildwood, Rushden Lakes

Wildwood, York

Wildwood, Llandudno

Wildwood, Plymouth / Royal William Yard

Wildwood, Hornchurch

Wildwood, Cambridge

Wildwood, Wantage

Wildwood, Chelmsford

Wildwood, Brentwood

Wildwood, Didcot

Wildwood, Hereford

Wildwood, Stratford-Upon-Avon

Wildwood, Port Solent

Wildwood, Telford

Wildwood, Hinckley

Wildwood, Cheam

Wildwood, Nottingham

Wildwood, Liverpool

Wildwood, Seven Dials

Wildwood, Northwich

Wildwood, Covent Garden

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