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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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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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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