The head of restaurant chain Wagamama has warned the company will face industry-wide headwinds as it prepares for 2020.

Emma Woods said that the pan-Asian chain would not be able to avoid some issues, after a quarter where growth halved.

"We look forward to 2020, and whilst we don't expect to be immune to the various headwinds facing our industry, we will stay true to our positive culture and growth mindset," she said.

It came as like-for-like sales grew 6.3% in the UK in the second quarter, a marked slowdown on 12.9% in the first three months of the year.

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Overall turnover rose 11% to £93.5 million in the quarter, as it opened six new restaurants and a delivery kitchen.

"I am thrilled to say has delivered another quarter of strong outperformance versus the market with a number of record restaurant sales weeks," Ms Woods said.

The company said it had managed to sell deliveries for £1 million in one week for the first time.

Sales in the US did considerably better than in the UK, with turnover jumping 12.5% over the quarter on a like-for-like basis, the company said.

French luxury giant LVMH Moet Hennessy Louis Vuitton has said it has reached a deal to buy US-based jewellery outfit Tiffany & Co for $16.2 billion (£12.58 billion).

LVMH said in a statement that the deal values the 180-year old Tiffany and its 300 boutiques worldwide at $135 a share.
The agreed deal is higher than the $14.5 billion dollars cash offer LVMH made last month.

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The conglomerate said both companies' boards approved the deal and hope to finalise the takeover in 2020 subject to the approval of regulators and Tiffany shareholders.

LVMH says the deal will strengthen its position in high-end jewellery and in the US market.

LVMH already owns 75 brands including Christian Dior, Fendi, and Givenchy as well as watchmaker Tag Heuer.

The head of has said he is still "strongly committed" to the takeover of delivery platform Just Eat as the battle for the future of the company continues.

Jitse Groen said Takeaway's German business would in time catch up with the margins that the company gets in its native Netherlands, which is more on par with Just Eat's operations.

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"This merger combines the two most profitable European food delivery websites: Just Eat in the UK and in the Netherlands," Mr Groen said.

"Our team has a proven ability to win in competitive markets and has defeated numerous competitors in many countries, whether large-scale tech giants or well-funded, own-delivery challengers. We remain strongly committed to the merger."