Wildwood Northwich update as Tasty announces closure plans

Tasty, the firm behind the Italian restaurant chain, has revealed plans to shut around 20 loss-making sites as part of a major restructuring.

While details of which restaurants are earmarked for closure have not been disclosed, a spokesperson for Wildwood confirmed they 'currently have no plans to close the restaurant situated in Barons Quay'.

Tasty currently operates 43 Wildwood restaurants, including two in the North West - Liverpool and Northwich.

The firm also operates six Dim-T pan-Asian restaurants and owns three sub-let venues.

As part of the restructuring, it will look to shut 18 of these venues, having already closed down two restaurants to customers.

On Tuesday (April 9), the hospitality group said its financial performance 'continues to be inhibited by a tail of underperforming sites, despite efforts at improving operational performance'.

The company added: “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.”

Wildwood opened in Barons Quay in 2016 (Image: Google Maps)

It will also enter into a new £750,000 loan agreement with Bet365 shareholder Will Roseff in order to fund the restructuring.

Tasty’s bosses said they expect the plan will improve earnings by up to £2.1 million by the 2025 financial year, particularly through the restaurant closures and other cost savings.

The group said it expects to operate around 30 restaurants by the end of the current year.

The proposals are to be circulated to Tasty’s creditors before a court hearing expected later this month.