Wasabi (restaurant)

Wasabi is a fast food restaurant chain based in the United Kingdom, focused on Japanese, East Asian-inspired fast food, especially sushi and bento, and operating primarily in London, England, with further branches elsewhere in England as of 2022.

[1] Wasabi was founded in London in 2003 by Dong Hyun Kim, a South Korean entrepreneur.

[5] In October 2016, the company secured £25 million in debt financing from HSBC to support expansion.

After becoming a minority stakeholder, founder Dong Hyun Kim stepped away from company operations in November 2021.

[10] Thereafter turnover improved considerably and the chain was considering expansion in the suburbs, but it was reported in January 2023 that the group was in breach of some of its loan covenants; directors said they had a "reasonable expectation" that a waiver obtained from the lender would be extended, but that this cast "significant doubt" on the group's ability to continue as a going concern.