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.
READ MORE: Monday Interview: Brexit was 'JFK' moment for Scotland's tech sector, entrepreneur declares
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.
READ MORE: Young idealists put social twist on business of corporate gifting
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 Takeaway.com 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.
READ MORE: Guy Stenhouse: Spare the Children
"This merger combines the two most profitable European food delivery websites: Just Eat in the UK and Takeaway.com 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."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article