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May 26, 2021

Wingstop invests in UK franchisee Lemon Pepper Holdings

Wingstop makes minority investment in UK franchisee Lemon Pepper Holdings, underscoring its confidence in the UK market.

US-based restaurant chain Wingstop has announced a minority investment in its UK franchisee, Lemon Pepper Holdings (LPH).

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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The company stated that this investment underscores its confidence in the UK market as an important ‘growth lever’ for international expansion.

Wingstop CFO Michael Skipworth said: “We are thrilled to partner with the Lemon Pepper team as they grow their brand presence in the UK, a market with tremendous long-term potential.

“We believe this strategic use of our capital will strengthen the development pipeline in that market and I am excited to join the LPH Board of Directors and play a role in helping achieve the potential for the Wingstop brand in the UK.”

In 2017, Wingstop signed a 100-restaurant deal with LPH, which was appointed as the sole franchisee for the UK market.

LPH opened Wingstop’s first restaurant in the UK in central London.

Founded by Saul Lewin, Tom Grogan, Herman Sahota and Paddy Bamford, LPH’s portfolio currently has a combination of high street, shopping mall and ghost kitchen locations.

Wingstop saw its highest sales growth in the UK in 2020 and opened seven new locations despite national lockdowns.

A new restaurant was opened in Reading last month, which is the chain’s first location outside of London. Several other new restaurants are planned to be opened later this year, including locations in Manchester, Kingston-upon-Thames, Birmingham Bullring and Bristol.

LPH director Grogan said: “Since launching in the UK market in 2017, Wingstop has brought its flavoursome chicken wings to thousands of hungry guests across several high-profile locations.

“We’ve been delighted by the overwhelming response from guests and look forward to bringing our brand to more regions of the UK in coming years.”

Wingstop continues to explore opportunities for expansion in Europe and other key markets in the world including China and Canada, with plans to open its first Canada location by 2022.

Set up in 1994 and based in Texas, US, Wingstop operates and franchises more than 1,500 restaurants across the world.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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