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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Mar- 2021 -26 MarchPubs and Bars
Café de Paris acquired by Pacha
Ibiza club operator, Pacha Group, has announced the acquisition of London’s Café de Paris nightclub. The site will operate as the cabaret dining experience, Lío, which first appeared in the capital as a pop up in 2019. Celebrating the brand’s 10-year anniversary, Lío has secured a permanent space with the…
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10 MarchRestaurants
The Restaurant Group to raise £715m to offset Covid-19 impact
The Restaurant Group (TGR) has announced it plans to raise £175m in a move which will aim to enhance liquidity, accelerate deleveraging and support selective growth as the company continues to struggle with the ripple effects of Covid-19. The plans mark the end of the group’s “deep restructuring” programme and…
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2 MarchCoronavirus
The Restaurant Group burns through £5.5m per month amid lockdown
The Restaurant Group has revealed it has burned through £5.5m in cash per month during the ongoing national lockdown, adding that the cash burn rate is expected to stay at this level until the end of the current restrictions for hospitality businesses. Nonetheless, it has since secured £500m in new…
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Feb- 2021 -24 FebruaryRestaurants
TGI Fridays to ‘emerge strongly’, plans new openings
TGI Fridays is reportedly well-positioned to “emerge strongly” from the pandemic, despite the massively fluctuating trading conditions of 2020, according to parent company Electra Private Equity. It said the restaurant group’s agility in responding to changing conditions, combined with careful financial and cash management, allowed it to end the year…
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10 FebruaryRestaurants
Big Table Group agrees deal with Centre Parcs restaurants
continued demand for our Bella Italia, Café Rouge and Las Iguanas brands in high volume, high quality locations. “Alongside this, the deal is testament to the commitment each of our restaurants have to delivering fantastic dining experiences to Center Parcs’ guests and the significant investment will ensure that we can…
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8 FebruaryCoronavirus
Losses from top 100 UK restaurant groups rise 112% to £571m
The top 100 UK restaurants groups saw their losses soar by 112% to £571m last year, rising from reported losses of £269m at the end of last March, according to UHY Hacker Young. The firm said these losses only run up to the start of the lockdown and are therefore…
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Jan- 2021 -21 JanuaryCoronavirus
Dining Street Limited calls in administrators
Dining Street Limited has fallen into administration resulting in 147 staff redundancies. The restaurant group, which operated under brands such as Richoux, Zintino, Friendly Phil’s, and The Broadwick, has cited “ongoing uncertainty” surrounding Covid-19 as the reason for its collapse. All of the company’s restaurants have been operating under limited…
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15 JanuaryCoronavirus
Over 800 chain restaurants closed indefinitely due to Covid
Over 800 chain restaurants, cafes and pubs have closed indefinitely due to Covid-19, according to research carried out by the Evening Standard. The pandemic has greatly affected the wider hospitality sector, with operators having to regularly close over long periods of time due to tougher lockdown restrictions and social distancing…
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4 JanuaryCoronavirus
Pandemic fuels 30,000 restaurant job losses
Almost 30,000 job losses were recorded by the UK’s restaurant and casual dining firms in 2020, according to data compiled by the Centre for Retail Research (CRR). The research also found that redundancies in the industry spiked 163% as a result of the Covid-19 pandemic and related restrictions. The job…
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Dec- 2020 -22 DecemberBusiness
Maxwell’s Restaurant Limited calls in liquidators, 400 jobs lost
Maxwell’s Restaurant Limited has gone into liquidation resulting in 400 members of staff being left redundant. The restaurant group, which owned popular London venues such as Maxwell’s Bar and Grill, Cafe de Paris and Palm Court Brasserie said “reduced customer numbers” due to Covid-19 was one of the reasons for…
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