On September 20, Lifestyle Restaurant Group Wagas announced that it has been acquired by Advent International for a 60% stake. The Wagas founders will continue managing the group's day-to-day business. The specific financial terms of the transaction were not disclosed.
Wagas’ Founder, Mr. John Christensen, mentioned that Advent International had many successful cases of integrating consumer goods into consumers' lives. That is also in line with Wagas' brand philosophy of "opening up a better . . .
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