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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Feb- 2019 -14 FebruaryRestaurants
The Restaurant Group CEO resigns
The Restaurant Group (TRG) has announced that Andy McCue, CEO, will leave the company due to “extenuating personal circumstances”. The company said it anticipated that McCue would remain in his position while his successor was being recruited and added a search for his replacement would “commence immediately”. McCue, who joined…
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Jan- 2019 -28 JanuaryRestaurants
Stew & Oyster moves into Malton’s Town Hall
The Fitzwilliam (Malton) Estate has confirmed the Stew & Oyster brand have signed a new lease of the former Malton Town Hall. Malton is the sixth and latest site for the Stew & Oyster team, who plan to open in April 2019. The bar and restaurant will serve regional craft…
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24 JanuaryBusiness
The Restaurant Group sales drop 2%
The Restaurant Group (TRG) saw a 2% drop in its like-for-like sales for the 52 weeks ending 30 December 2018 compared with the same period last year. This is excluding the recently acquired Asian restaurant chain Wagamama. Including one week of trading from Wagamama, the group’s total sales increased by…
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23 JanuaryRestaurants
Rosa’s Thai Cafe to open first site outside London
Rosa’s Thai Cafe is set to open its doors at its first non-London site located in Liverpool’s Royal Albert Dock development on 25 February. To celebrate the opening, diners will be treated to a soft launch offer of 50% off all food on Monday 25 and Tuesday 26 February. Saiphin…
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23 JanuaryCafes and Coffee Shops
Corbin and King to open ninth restaurant in London’s Soho Square
Jeremy King and Chris Corbin’s restaurant group is set to open its ninth restaurant in 2019 at London’s Soho Square. The group recently announced it was to open its eighth restaurant in St John’s Wood, the group currently operates seven restaurants, with all of them located in London. The tenancy…
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14 JanuaryRestaurants
Carluccio’s strengthens senior team with new additions
Carluccio’s has announced two new appointments as it continues to strengthen its senior management team to support the brand’s ‘Fresca’ transformation programme. Bruce Craig has started in the newly created role of IT director, responsible for leveraging technology to enhance the customer experience and improve processes. Craig has a wealth…
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4 JanuaryRestaurants
Wagamama outperforms sector with 12% sales growth
Asian noodle chain Wagamama has continued to outperform its competitors for almost five years (239 weeks) as it posted a turnover increase of 15.4% to £81.5m in the 28 weeks to 11 November 2018. The company posted a 11.3% UK outperformance of the market for the period. In Q2 2018/19,…
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Dec- 2018 -21 DecemberRestaurants
New Indo-Chinese ‘concept’ restaurant to open in Soho
The restaurant group behind Bombay Chow, Station 31, and Imperial Lounge, has announced it is to open a fourth Indo-Chinese “concept” restaurant in Soho. Opening at the former site of Tabun Kitchen at 77 Berwick Street, the restaurant is expected to start serving from March 2019, following “a comprehensive refurbishment”.…
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20 DecemberRestaurants
Wagamama to share £4m bonus among staff following TRG sale
Wagamama is to give its employees Christmas bonuses of up to £2,000 from a £4m pot following the sale of the Asian dining chain to The Restaurant Group (TRG) for £599m. Provided they have worked for the company for at least 12 months, head chefs and managers will receive £2,000…
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Nov- 2018 -28 NovemberBusiness
The Restaurant Group acquisition of Wagamama to go ahead
The Restaurant Group’s (TRG) acquisition of Wagamama is to go ahead despite 40% of shareholders voting against the deal. Shares in the group sank by 13% on Wednesday, with big name shareholders concerned about price and debt levels for the group. Debbie Hewitt, chairwoman of TRG, said she was pleased…
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