The Restaurant Group
This compiles our reporting on The Restaurant Group (TRG), operator of prominent UK brands including Wagamama, Frankie & Benny’s, and Brunning & Price. We cover TRG’s strategic decisions, financial performance, brand portfolio changes, executive leadership moves, site rationalisation, and growth initiatives. Our analysis offers critical insight for restaurant operators, F&B executives, and hospitality professionals tracking the direction of one of the UK’s most influential multi-brand operators in casual dining and pub restaurants.
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Oct- 2025 -15 OctoberRestaurants
Honest Burgers returns to profit amid strong sales and cost control
Honest Burgers has reported a return to profitability for the year to 26 January 2025, supported by strong like-for-like sales growth and tighter cost management. The restaurant group posted an operating profit of £3m for the 52-week period, compared with a £1m operating loss in the previous year. Turnover rose…
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Sep- 2025 -25 SeptemberRestaurants
Pizza Express takes £41.8m one-off charge as FY profits recover
Pizza Express has reported that a non-cash charge of £41.8m has reduced the carrying value of the brand to £421.7m for the year ended 29 December 2024. The company maintains that this accounting provision did not reflect underlying trading performance. Excluding exceptional charges, Pizza Express posted a profit before tax…
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3 SeptemberCafes and Coffee Shops
Asda owner TDR Capital mulls bid for Costa Coffee
Asda owner TDR Capital is among the investment groups considering an acquisition of Costa Coffee as owner Coca-Cola explores a potential sale, according to the Financial Times. Coca-Cola has hired Lazard to advise on options for the UK’s largest coffee chain, which it bought from Whitbread in 2019 for £3.9bn. …
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Aug- 2025 -28 AugustCafes and Coffee Shops
Apollo holds talks with advisors over Costa sale
Investment group Apollo Global Management has reportedly held early-stage talks with advisers to Coca-Cola as it explores a sale of Costa, according to Sky News. The private equity vehicle, which owns Wagamama’s parent company, The Restaurant Group, is said to be part of a small number of suitors that have…
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27 AugustRestaurants
Sticks’n’Sushi to open first Scottish restaurant in Glasgow
Sticks’n’Sushi will open its first Scottish site in Glasgow this November, making it the restaurant group’s first location outside the south east of England. The news comes as the brand has officially signed a 20-year lease for 8,500 sq ft across two levels at the G1 building, 7 St George…
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21 AugustRestaurants
Dishoom to open new Glasgow restaurant
Indian restaurant group Dishoom will open its latest venue in Glasgow on 29 August, located in the city’s historic Stock Exchange building. The 6,720 sq ft site has been designed by interior architecture studio Macaulay Sinclair, which has worked on all 10 of Dishoom’s restaurants. The design takes inspiration from…
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Jul- 2025 -29 JulyRestaurants
Cherry Equity rescues Gusto from administration, 190 redundancies expected
Cherry Equity Partners is set to acquire the majority of Italian chain Gusto following the appointment of administrators and a pre-pack administration process, with almost 200 redundancies expected. The deal will see seven flagship Gusto restaurants continue to trade, in a move that safeguards over 300 jobs. Six restaurants will…
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Jun- 2025 -26 JuneRestaurants
Big Table Group halves FY losses following job cuts
The Big Table Group, owner of Cafe Rouge and Bella Italia, has seen losses before tax narrow by 68%, from £13.8m to £4.4m in its full-year results, following a decision to cut 700 jobs and streamline operations. In the year ended 27 October 2024, Big Table Group’s brands saw full…
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May- 2025 -20 MayRestaurants
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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15 MayRestaurants
Prime by Pasture restaurant to open in Bristol in June
New restaurant Prime by Pasture is set to open in Bristol on 9 June by chef and restaurateur Sam Elliott. The new all-day dining restaurant will open on St Thomas Street in the heart of the city’s Redcliffe Quarter. Building on the success of the Pasture Restaurants, Prime by Pasture…
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