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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Jun- 2021 -21 JuneRestaurants
Itsu to open 100 new stores after securing investment deal
Itsu, an Asian-inspired restaurant chain, has announced plans to create 100 new venues across the UK as part of its partnership with private equity firm, Bridgepoint. Founder of Itsu, Julian Metcalfe, said the new partnership “secures tremendous growth” for the restaurant group – which is recovering from the impact of…
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8 JuneRestaurants
The Restaurant Group chairman to step down
The Restaurant Group has announced that its chairman Debbie Hewitt will be stepping down from the board with effect from 31 December 2021. Once stepped down from the group, Hewitt will take up the role of chairman of the English Football Association in January 2022. The board has commenced a…
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May- 2021 -28 MayRestaurants
Post-pandemic recovery to enable Fulham Shore portfolio expansion
Fulham Shore, the owner of Franco Manca and The Real Greek, has announced a continuation of its opening pipeline due to a strong trading performance since the reopening of indoor hospitality. In a trading update on the London Stock Exchange, the restaurant group revealed that group revenues from 17 to…
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25 MayRestaurants
The Restaurant Group reveals return to pre-pandemic sales
The Restaurant Group has confirmed a return to pre-pandemic levels of trading since the easing of restrictions across the UK. The owner of Wagamama, Frankie and Benny’s, and Chiquito claimed that “no meaningful ‘like-for-like sales’ comparisons” can be made for the first 20 weeks of FY21. Instead, the group revealed…
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Mar- 2021 -26 MarchPubs and Bars
Café de Paris acquired by Pacha
Ibiza club operator, Pacha Group, has announced the acquisition of London’s Café de Paris nightclub. The site will operate as the cabaret dining experience, Lío, which first appeared in the capital as a pop up in 2019. Celebrating the brand’s 10-year anniversary, Lío has secured a permanent space with the…
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10 MarchRestaurants
The Restaurant Group to raise £715m to offset Covid-19 impact
The Restaurant Group (TGR) has announced it plans to raise £175m in a move which will aim to enhance liquidity, accelerate deleveraging and support selective growth as the company continues to struggle with the ripple effects of Covid-19. The plans mark the end of the group’s “deep restructuring” programme and…
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2 MarchCoronavirus
The Restaurant Group burns through £5.5m per month amid lockdown
The Restaurant Group has revealed it has burned through £5.5m in cash per month during the ongoing national lockdown, adding that the cash burn rate is expected to stay at this level until the end of the current restrictions for hospitality businesses. Nonetheless, it has since secured £500m in new…
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Feb- 2021 -24 FebruaryRestaurants
TGI Fridays to ‘emerge strongly’, plans new openings
TGI Fridays is reportedly well-positioned to “emerge strongly” from the pandemic, despite the massively fluctuating trading conditions of 2020, according to parent company Electra Private Equity. It said the restaurant group’s agility in responding to changing conditions, combined with careful financial and cash management, allowed it to end the year…
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10 FebruaryRestaurants
Big Table Group agrees deal with Centre Parcs restaurants
continued demand for our Bella Italia, Café Rouge and Las Iguanas brands in high volume, high quality locations. “Alongside this, the deal is testament to the commitment each of our restaurants have to delivering fantastic dining experiences to Center Parcs’ guests and the significant investment will ensure that we can…
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8 FebruaryCoronavirus
Losses from top 100 UK restaurant groups rise 112% to £571m
The top 100 UK restaurants groups saw their losses soar by 112% to £571m last year, rising from reported losses of £269m at the end of last March, according to UHY Hacker Young. The firm said these losses only run up to the start of the lockdown and are therefore…
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