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- 2023 -31 OctoberRestaurants
PizzaExpress hires Goldman Sachs amid proposal to acquire stake in TRG
Pizza Express is reportedly working with Goldman Sachs over launching a potential bid to acquire a large stake in The Restaurant Group (TRG), according to Sky News. The news comes after Pizza Express owner is considering a surprise move to gatecrash a takeover of TRG, the London-listed company which owns…
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26 OctoberRestaurants
TRG confirms takeover counterbid from Pizza Express owner
The Restaurant Group has confirmed this morning (26 October) that it has received a request from Wheel Topco, the owner of Pizza Express, to evaluate a possible takeover offer for the company. However, TRG said that no written or verbal indicative proposal relating to a possible offer – including as…
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12 OctoberSponsored
Plant Based World Expo announces conference sessions and features
Plant Based World Expo Europe, the largest 100% plant-based trade event in Europe, has announced its conference line up for the Plant Based World Pulse Theatre, taking place at ExCeL London on 15th and 16th November 2023. Featuring Veganuary’s 10th anniversary global film premiere, leadership addresses, and panels focussing on…
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12 OctoberBusiness
Wagamama owner to go private in £506m deal
The Restaurant Group, the operator that owns Wagamama, has agreed to be taken private by Apollo Global for £506m after a year of financial struggles and investor pressure. The owner of about 400 restaurants and pubs across the UK has struggled with falling margins, which it attributed to soaring costs…
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6 OctoberRestaurants
Sticks‘n’Sushi opens biggest site in Kingston-upon-Thames
Danish-Japanese restaurant group, Sticks’n’Sushi, has announced the opening of its biggest restaurant yet in Kingston-upon-Thames, which already has booking available starting from Monday 11 October. The 220-cover restaurant, which is located on the corner of Wood Street and Clarence Street in the historic Bentall Centre, is set over two spacious…
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Sep- 2023 -28 SeptemberNews
Big Table Group appoints new MD of Leisure Division
Big Table Group has announced the appointment of Debbie Husband as managing director for the Leisure Division that was recently acquired from The Restaurant Group (TRG). Husband will join The Big Table Group in October. She most recently held the position of managing director at the Rank Group PLC, having…
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8 SeptemberNews
The Restaurant Group chairman to step down
The Restaurant Group has announced that the company’s chairman, Ken Hanna, has decided to step down due to personal reasons. The board will now initiate a comprehensive search process to identify a new chairman and will update the market as and when appropriate. Hanna will remain with TRG as chairman…
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6 SeptemberRestaurants
TRG revenues rise 10% to £467.4m in H1
The Restaurant Group (TRG) has reported that total sales in the first half of the year rose by 10% to £467.4m, compared with £423.4m the prior year. Its adjusted EBITDA was also up 15% to £36.3m on a pre-IFRS 16 basis versus the VAT adjusted basis of £31.4m in H1…
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Jul- 2023 -25 JulyRestaurants
TRG investor considering bid for pub and leisure arms
An investor in The Restaurant Group (TRG) is considering a bid for the company’s pub and leisure arms, according to reports from The Telegraph. TMR Capital, which holds a 1.75% stake in TRG, is looking to acquire the Brunning and Price pub arm and the group’s leisure division, which includes…
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20 JulyRestaurants
Tattu announces rebrand to Permanently Unique
Tattu, the restaurant group founded by Adam and Drew Jones, has announced a rebranding to Permanently Unique. Tattu restaurant group was founded in 2015 by brothers Adam and Drew Jones. The rebranding comes as part of a plan for international expansion in the coming years. Tattu plans to launch its…
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