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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Mar- 2024 -22 MarchPeople
RedCat appoints new director of F&B and area manager
RedCat Pub Company has announced the appointment of David Peevers as the new director of Food and Beverage, and James Killick as area manager within the operations team, effective from 25 March. Peevers, who takes up a newly-created role at the group, has extensive experience in the hospitality industry, particularly…
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Jan- 2024 -24 JanuaryRestaurants
Big Table Group appoints new Banana Tree managing director
UK hospitality group The Big Table Group has appointed Kate Wilton as Banana Tree’s new managing director. The news comes after Anne Chow, current managing director, announced that she is stepping down from her role after 28 years with the business. Wilton will take up her new role at the…
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Nov- 2023 -28 NovemberNews
TRG shareholders approve £506m Apollo deal
The Restaurant Group shareholders have formally voted in favour of the company sale to US-based private equity company Apollo Global Management for £506m. During a general meeting held yesterday (27 November), 93.5% of shareholders voted in favour of the cash acquisition of the group, which includes Wagamama and the pub…
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7 NovemberNews
Today’s news in brief – 07/11/23
Oakman Inns reported an EBITDA drop from £11m to £9.8m for the year ended June 2023 due to the impact of inflation. Despite this, the group’s sales were 8% higher than the previous year, totaling just under £70m, as like-for-like sales for the core Oakman Inns business increased by 4.1%.…
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7 NovemberRestaurants
Pizza Express owner decides againt The Restaurant Group bid
Pizza Express owner, Wheel Topco, will not make a bid for The Restaurant Group (TRG) due to “market conditions” it has confirmed. Last month, TRG confirmed that Wheel Topco had requested diligence information to evaluate a possible offer for its competitor. This move comes after TRG agreed to be bought…
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Oct- 2023 -31 OctoberNews
Today’s news in brief – 31/10/23
Wheel Topco, which is considering a bid for The Restaurant Group, is working with Goldman Sachs on this potential deal. The move would be an attempt to disrupt TRG’s planned takeover by Apollo Global Management. The Pizza Express owner has reportedly been in discussions with TRG’s board about a potential…
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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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