A family restaurant chain with 54 branches has announced that 18 sites are to shut, due to the ongoing hospitality crisis – with a number shutting their doors in the East Midlands.
Tasty PLC, the owner of Wildwood and Dim T restaurants who first opened in 2004, said it plans to close around 20 loss-making venues after a ‘challenging’ start to the year in a major restructuring plan.
Under the plans, the group would shut 18 branches, with two of these sites already closed to diners – one of these being Market Harborough.
The sites closing in the East Midlands are as follows:
- Wildwood, Market Harborough
- Wildwood, Lincoln
- Wildwood, Nottingham
Tasty currently operates 43 Wildwoods and six Dim-T pan-Asian restaurants. Tasty said it expects to operate around 30 restaurants by the end of the current year.
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.”
