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.[1]

In 2022 it had 250 restaurants.[2]

History

Originating in Shanghai, it began operations in 1999,[3] established by John Christensen from Denmark. His business partner was an Australian named Jackie Yun.[4]

The company began a bakery chain called Baker & Spice in 2010.[3]

Wagas, by 2016, opened its first Shenzhen location.[5]

In 2021 various investing groups showed interest in purchasing the company.[3] Jollibee, Restaurant Brands International, and Yum China considered acquiring Wagas.[6] In February 2022 Advent International had made moves towards acquiring Wagas.[7] In September 2022 Advent acquired 60%, a controlling stake, in Wagas.[2]

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. 1 2 McCarthy, Sebastian (2022-09-20). "Advent snaps up 60% stake in Chinese food firm Wagas". Financial News. Retrieved 2022-10-05.
  3. 1 2 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.
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