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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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…
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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.…
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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…
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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…
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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…
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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…
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4 JulyRestaurants
The Restaurant Group appoints non-executive director
The Restaurant Group has announced the appointment of Loraine Woodhouse as a non-executive director. She joins the company’s board as of today’s date (4 July) and will become a member of both the audit and nomination committees. Woodhouse is currently a non-executive director and chair of the audit committee at…
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May- 2022 -16 MayNews
TRG faces investor backlash over CEO bonus
The Restaurant Group (TRG) is facing a potential backlash from the Institutional Voting Information Service (IVIS) as the company’s chief executive, Andy Hornby, has received the highest pay since 2017, while benefiting from government support. According to the Guardian, the Institutional Voting Information Service (IVIS), which is part of the…
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6 MayRestaurants
Chotto Matte to open new Marleybone site this month
Chotto Matte will open its newest site in Marylebone on 20 May, expanding on its existing UK presence in Soho. The restaurant group also has international sites in Miami and Toronto. Chotto Matte has said its Marylebone location will provide a more “relaxed” hub, compared to the hustle of downtown…
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Mar- 2022 -16 MarchRestaurants
Wagamama owner reports strong sales in FY results
The Restaurant Group (TRG) has announced that its total sales hit £636.6m in the year ended 2 January 2022, marking an improvement from the £459.8m reported in FY20. Meanwhile, its adjusted EBITDA totalled £81.2m on a pre IFRS 16 basis, up from £8.7m in 2020, while profit before tax was…
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