Wingstop looks to sell UK business
The UK’s fastest-growing restaurant chain have hired Goldman Sachs to explore a sale after six years of rapid growth
Wingstop, the quick-service chicken chain, is apparently set to sell its UK business according to industry reports.
Wingstop is currently being rolled out by Lemon Pepper Holdings in the UK but is majority owned by a trio of entrepreneurs who bought it to the UK in 2018.
Sources have said that the sale had been initiated in response to unsolicited expressions of interest from potential buyers.
Goldman Sachs is understood to have begun issuing information about Wingstop UK to third parties in the last couple of weeks. Currently the valuation remains unclear.
Wingstop has become one of the industry's biggest employers in the UK, with a workforce of about 2,200 people. In July it was named one of the fastest-growing business in the UK for the second year in a row by the Sunday Times.
Wingstop is currently set to open its 50th site in the UK and aims to have 57 venues before end of this year.
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