TRG
Coverage focuses on the performance, portfolio strategy, and operational shifts of one of the UK’s largest casual dining groups, including brands such as Wagamama, Frankie & Benny’s, Chiquito, and Brunning & Price. Reporting includes estate rationalisation, site disposals, digital ordering rollout, trading updates, delivery partnerships, and group-level M&A activity. Insight is tailored for operators and investors tracking mid-market dining trends, branded group consolidation, and high street recovery.
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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 OctoberNews
Today’s news in brief – 26/10/23
TRG has confirmed it received a request from Wheel Topco, the owner of Pizza Express, to evaluate a possible takeover offer for the company. However, TRG clarified that no formal proposal, including terms, price, or consideration, has been made by Wheel Topco. This follows reports that Pizza Express is considering…
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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 OctoberNews
Today’s news in brief – 12/10/23
TRG, the operator of brands like Wagamama, is set to go private through a £506m deal with Apollo Global after facing financial struggles and investor pressure. TRG, which owns about 400 UK restaurants and pubs, cited falling margins due to rising costs and a sluggish post-pandemic recovery. The deal offers…
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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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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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12 SeptemberNews
TRG offloads leisure business to Big Table Group
TRG has announced that it has entered into an agreement for the proposed sale of its leisure business comprising 75 trading sites and associated restaurant and management team employees to the Big Table Group. As part of the transaction, TRG will pay a cash contribution of £7.5m to the Big…
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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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