Jun 21, 2026 – 8.00pmSeagrass Boutique Hospitality has defied gloomy consumer sentiment to grow profits over the past nine months after the steakhouse operator’s new Japanese owner Colowide put the business on a sounder financial footing.The group best known for its African-inspired Meat & Wine Co restaurants reported a profit of $16.4 million for the nine-month period to March 31, according to its latest financial accounts filed with the corporate regulator, up from $2.9 million in the 12 months to June 29 last year.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Steakhouse giant Seagrass sees profit boom after new owner wipes debt
The operator of Meat & Wine Co, Hunter & Barrel and 6Head was sold by its private equity backer to Japan’s Colowide last year.
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