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.
-
Mar- 2023 -8 MarchRestaurants
Wagamama owner to shut 35 sites as FY losses widen
The Restaurant Group has revealed that for the year ended 1 January 2023, its statutory loss before tax increased from £35.2m in 2021 to £86.8m. As a result, the Wagamama owner has made plans to shut around 35 “loss making” locations. This decision will take its portfolio from 166 restaurants…
Read More » -
Feb- 2023 -23 FebruaryRestaurants
Macellaio on Union Street rebrands to Osteriadel Macellaio
London-based Italian restaurant, Macellaio RC on Union Street, is rebranding to Osteriadel Macellaio, a restaurant serving wine and “simple, yet delicious” Italian food from this month. The rebranding of the restaurant comes as the venue wishes to offer a new sustainable menu, using all parts of the cow cooked by…
Read More » -
22 FebruaryNews
Oasis reiterates ‘need for transparency’ amid Wagamama’s performance
Oasis, the Hong Kong-based activist investor, has again reiterated the need for transparency from The Restaurant Group (TRG) – the owner of Wagamama – following a response to its open letter which demanded sweeping changes after a 65% slump in share over the past year.In an open letter last week,…
Read More » -
17 FebruaryRestaurants
TRG welcomes shareholder calls to restore market confidence
The Restaurant Group (TRG), the operator of Wagamama, has welcomed constructive input from its shareholders at the Oasis Management Company, who issued the company a letter yesterday (16 February) calling on it to restore market confidence. In this letter, Oasis outlined a proposal for a governance review, which included a…
Read More » -
Dec- 2022 -23 DecemberRestaurants
TRG amends and extends debt package to £340m
The Restaurant Group has announced that it has amended and extended its debt facilities to £340m. The revised debt package comprises a £220m term loan facility and a £120m Revolving Credit Facility (RCF) with its existing lenders. This also represents a £21m early repayment of its previous facilities, as the…
Read More » -
Oct- 2022 -14 OctoberPeople
Comptoir Group appoints new CEO
Comptoir Group, the owner of Comptoir Libanais, has appointed Nick Ayerst as CEO effective from 17 October 2022. Ayerst brings more than 30 years’ experience in the hospitality industry to the role and was previously managing director of Leon, where he joined in 2020 to help restructure its operational model.…
Read More » -
Sep- 2022 -8 SeptemberRestaurants
The Restaurant Group sees H1 profits hit £41m
The Restaurant Group has reported profits before tax of £41.7m for the first half of 2022, compared with £11.2m during the same period the year prior. The results, from the 26 weeks to 3 July 2022, saw total sales at £423.4m, compared with £216.8m for the same period the year…
Read More » -
Aug- 2022 -11 AugustRestaurants
Sticks ‘n’ Sushi to open tenth UK site at Westfield London
Danish-owned Japanese restaurant group, Sticks ‘n’ Sushi, has announced the opening of its newest restaurant in Westfield London, which is set to open in December of this year. It is reported that the new Sticks ‘n’ Sushi venue, located in White City, will be the group’s eighth restaurant in London…
Read More » -
Jul- 2022 -19 JulyNews
Frankie & Benny’s refurbs ‘key’ restaurant sites
Frankie and Benny’s has refurbished its “key” restaurant sites across Wembley, Birmingham, and Ashton Moss. The three updated locations have all been revamped with a new “spacious” layout, complete with more booths, allowing additional families and friends to visit the sites. The chain has also introduced new flowing bars across…
Read More » -
12 JulyRestaurants
The Restaurant Group acquires Barburrito
The Restaurant Group has acquired Mexican style fast-casual restaurant chain, Barburrito, for £7m, an asking price that is said to represent a run-rate EBITDA multiple of 4.4x for the next 12 months. It is reported that Barburrito focuses on serving fast, fresh and healthy Mexican food, and operates across 16…
Read More »
