Brunning and Price

TRG in advanced talks to acquire number of Oakman sites

Wagamama owner The Restaurant Group (TRG) is in advanced discussions with Oakman to acquire a certain chunk of its privately held assets, according to Sky News.  One of the insiders revealed to Sky that TRG, which is backed by private equity firm Apollo Global Management, was expected to acquire between…

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Today’s news in brief – 13/06/24

Fuller’s has reported a 61% rise in profits before tax to £20.5m for the year ended 30 March. It comes as sales at the brewing company rose by 7% to £359.1m, while EBITDA reached £60.8m. During the year, the company also invested £27.2m in its existing estate of properties. UKH…

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CGA names Brunning and Price as UK’s top pub operator

Brunning and Price, part of the restaurant group, has been named the UK’s top pub operator for a second consecutive year by CGA’s outlet index survey. Other operators in the top five include St Austell Brewery, Hydes Anvil, Youngs and Everards. Brunning and Price also tops the rankings when measured…

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Today’s news in brief – 22/03/23

JD Wetherspoon revenues rose 8.2% to £991m in H1. The pub group said that like-for-like sales were stronger than total sales due to a small number of pub disposals and lease terminations. So far, sales continue to improve. In the last 7 weeks to 17 March, like-for-like sales increased by…

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RedCat appoints new director of F&B and area manager

RedCat Pub Company has announced the appointment of David Peevers as the new director of Food and Beverage, and James Killick as area manager within the operations team, effective from 25 March.  Peevers, who takes up a newly-created role at the group, has extensive experience in the hospitality industry, particularly…

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TRG investor considering bid for pub and leisure arms

An investor in The Restaurant Group (TRG) is considering a bid for the company’s pub and leisure arms, according to reports from The Telegraph. TMR Capital, which holds a 1.75% stake in TRG, is looking to acquire the Brunning and Price pub arm and the group’s leisure division, which includes…

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Wagamama sales boost Restaurant Group trading in H1

The Restaurant Group has welcomed a period of strong trading in the first half of the year, with sales at Wagamama and its Pubs division up by 5% and 9%, respectively.  Wagamama continued to trade strongly in the period, with outperformance of the market in Q2, and like-for-like sales up…

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TRG independent non-executive director to step down

The Restaurant Group has announced that Alex Gersh, an independent non-executive director of the group and the chair of its audit committee, will be stepping down from his role on 1 July.  The group has announced that Loraine Woodhouse, who has been a member of the board since 4 July…

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Wagamama owner narrowly beats AGM investor revolt

Wagamama owner The Restaurant Group (TRG) has narrowly beaten a revolt from rebel investors over the pay of CEO Andy Hornby and the direction of the company at its most recent AGM. Over 45% of shareholders voted against the company’s directors remuneration report for 2022 which revealed that Hornby was…

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TRG comes under renewed pressure from activist investor

The Restaurant Group (TRG), owner of Wagamama, has reportedly come under renewed pressure from activist investors, according to reports from The Times. Oasis Management Company, the hedge fund leading the rebellion, has accused TRG of excluding “certain” shareholders from key information ahead of the company’s AGM. Oasis has used its…

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