Wingstop Evaluates Sale of UK Operations

Wingstop, the fast-growing quick-service chicken chain in the UK, has announced it is seeking new ownership for its business. The company, which has been expanding since its launch in Britain in 2018, has engaged Goldman Sachs to facilitate the sale following unsolicited interest from potential buyers. The valuation of the business remains uncertain, but it is on track to open 57 locations by the end of the year, with aspirations to grow to between 400 and 500 sites across the UK. The chain has established itself as a significant player in the competitive fast-food market, positioning itself as a premium alternative to established brands like KFC, Nando's, and Popeyes. With a workforce of approximately 2,200 employees, Wingstop has also become one of the largest employers in the sector. The brand has garnered a celebrity following, with notable fans including rappers Central Cee and Stormzy. Wingstop's journey in the UK began when entrepreneurs Tom Grogan, Saul Lewin, and Herman Sahota successfully negotiated a deal with the American parent company, which now holds a 20% stake in the UK operation. This partnership reflects the American company's confidence in Wingstop's growth potential, especially in a market where other chains like Carluccio's and Pizza Hut have faced significant challenges, including insolvencies and closures. As Wingstop explores new ownership, the future of the brand in the UK remains promising, with ample opportunities for expansion despite a crowded marketplace.