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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Jun- 2020 -10 JuneCoronavirus
The Restaurant Group launches CVA, 125 sites to close
The Restaurant Group has announced a proposal to reduce the size of its Leisure estate and rental cost base through a company voluntary arrangement (CVA). The CVA will relate to the group’s Frankie and Benny’s estate, Chiquito and Garfunkel’s sites, but will have no impact on the group’s Wagamama, airport…
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8 JuneCoronavirus
The Restaurant Group confirms restructuring talks
The Restaurant Group has confirmed it has entered discussions with its landlords regarding the “potential restructuring” of its Leisure estate. The group’s Leisure Division, which includes its Frankie and Benny’s, Chiquito and Garfunkel’s sites, does not impact trading across the group’s Wagamama chain. It comes only days after news that…
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3 JuneCoronavirus
Frankie and Benny’s to close ‘large number’ of sites
The Restaurant Group has reportedly told staff that a “large number” of Frankie and Benny’s sites will not reopen when lockdown lifts. According to an email seen by the BBC, the owners of the casual dining chain said that many sites are “no longer viable to trade and will remain…
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May- 2020 -19 MayNews
Boparan set for Carluccio’s takeover
Boparan Restaurants is reportedly set to rescue Carluccio’s in a move that will save roughly 900 jobs. According to Sky News, the restaurant group is poised to conclude a rescue deal “in the coming days”, with an announcement expected as early as today (19 May). Boparan, owned by tycoon Ranjit…
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Apr- 2020 -6 AprilRestaurants
Covid-19: The Restaurant Group increases banking facilities as execs take pay cut
The parent company of Wagamama, The Restaurant Group (TRG), has announced extra flexibility in its banking facilities, with executive directors agreeing to take a pay cut amid the coronavirus pandemic. The company, behind the brands of Chiquito’s and Frankie and Benny’s, said the TRG lending group has agreed that there…
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3 AprilCoronavirus
Wahaca launches online platform
Wahaca has announced the launch of Wahaca At Home, a new online platform for families amid the ongoing coronavirus lockdown. Wahaca At Home will offer an “ongoing content series” of recipes, cocktail ideas, playlists, company news and activity ideas for families. In a statement, the Mexican food chain said: “In…
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Mar- 2020 -28 MarchRestaurants
Carluccio’s poised to enter administration amid Covid-19 lockdown
Italian restaurant chain Carluccio’s is reportedly set to file for administration, putting almost 2,000 jobs at risk. According to the Guardian, restructuring firm FRP Advisory confirmed it has been appointed to work with the chain. FRP told the Guardian: “FRP is working with the directors of Carluccio’s to consider all…
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27 MarchRestaurants
Gordon Ramsay Restaurant group lays off London restaurant staff
Celebrity chef Gordan Ramsay has terminated the contract of around 500 members of staff at his London restaurants as his business deals with the coronavirus outbreak. Staff were informed at a meeting earlier this week. The Gordon Ramsay Restaurant Group will reportedly pay the wages of staff for a further…
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27 MarchRestaurants
Covid-19: Chiquito to close 61 stores permanently
Mexican restaurant chain Chiquito is to close 61 stores across the UK permanently as a result of the coronavirus outbreak. According to the Guardian, the chain’s remaining 20 sites will reportedly reopen once the Coronavirus situation improves. The Restaurant Group, which owns Chiquito, said 11 Food and Fuel pubs in…
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6 MarchRestaurants
Cote restaurants sees profits rise to £5.5m
Cote restaurants has seen its profits for the year increase to £5.5m up from £4.6m the year prior. According to the latest figures filed with Companies House, the casual dining group also reported a 7% increase in revenues to £156.6m in the year ending 26 July 2019, compared with £146.3m…
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