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- 2020 -6 OctoberFood and Drink
Restaurant Group reports £235m loss, despite strong September trading
The Restaurant Group has reported a pre-tax loss of £235m for the first half of the year, despite “strong” September trading. Its Wagamama chain saw a like-for-like sales growth of 11% in the 11 weeks leading up to 20 September, which the group said was a 5% overperformance compared to…
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Sep- 2020 -28 SeptemberRestaurants
Partners Group acquires Côte Restaurants
Côte Restaurants has been acquired by global private markets investment manager Partners Group. It comes as the group said that coronavirus has had a “huge impact” on the business, despite “trading well” before lockdown, with “record” sales and strong EBITDA growth in the last financial year. Partners Group said it…
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25 SeptemberRestaurants
Various Eateries raises £25m in AIM listing
Various Eateries has confirmed it has raised £25m by way of a placing of 34,246,576 new Ordinary Shares with institutional and other investors at a price of 73p per Ordinary Share, during its first day of trading on the AIM market of the London Stock Exchange. Various Eateries said its…
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14 SeptemberPeople
The Big Table appoints Mike Tye as chairman of The Big Table
The Big Table, which was recently formed to acquire and operate the Bella Italia, Café Rouge and Las Iguanas restaurant brands, has appointed Mike Tye as its non-executive chairman. With “extensive” board-level experience across the out-of-home food and drink market, the company said Tye will work closely with Epiris, the…
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Aug- 2020 -17 AugustRestaurants
Yo Sushi to axe 250 jobs following CVA
Yo Sushi has announced it will shutter 19 sites and axe 250 jobs in a bid to restructure the business following the crisis. The move comes after the dining group launched a company voluntary arrangement (CVA) in light of “changes in consumer behaviour” that have made its rents “unsustainable” across…
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10 AugustRestaurants
22,000 restaurant jobs lost so far in 2020, double 2019 total
The number of jobs lost across the embattled restaurant and casual dining sector so far this year is already nearly double the amount shed during the whole of 2019. Figures compiled by the Centre for Retail Research show so far a total 22,039 jobs were lost across large restaurant groups…
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6 AugustRestaurants
Yo Sushi eyes CVA
Yo Sushi has reportedly drafted in Deloitte in a bid to negotiate rent concessions with landlords and secure a potential CVA, Sky News has reported. While the sushi chain has not yet made a formal decision to proceed with a CVA, sources told Sky that the group would have “little…
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Jul- 2020 -14 JulyRestaurants
Frankie & Benny’s unveils reopening plans
Frankie and Benny’s has confirmed the six restaurants have now opened for dine-in service, having previously opened for both click-and-collect and delivery. Its parent group, the Restaurant Group, plans to open all 35 Frankie and Benny’s sites by the end of the month. The six restaurants now open for dine-in…
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13 JulyRestaurants
Former TGI owner in talks to buy Casual Dining Group
Epiris, the former owner of TGI Friday’s, is reportedly in talks to acquire the Casual Dining Group from administrators. According to Sky News, the former backer of TGI is currently the frontrunner to acquire the restaurant group and while no deal has yet to be confirmed Sky sources said a…
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10 JulyRestaurants
The Restaurant Group secures £50m loan
The Restaurant Group has revealed it has accessed £50m from the Government CLBILS scheme, in a loan supported by Lloyds Banking Group. The operator said the move will give it “increased flexibility”, alongside the group adding an additional £10m to its overall committed debt facilities. The operator has also agreed…
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