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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Jul- 2023 -25 JulyRestaurants
TRG investor considering bid for pub and leisure arms
An investor in The Restaurant Group (TRG) is considering a bid for the company’s pub and leisure arms, according to reports from The Telegraph. TMR Capital, which holds a 1.75% stake in TRG, is looking to acquire the Brunning and Price pub arm and the group’s leisure division, which includes…
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12 JulyRestaurants
Wagamama shareholder calls for chairman to be replaced
Irenic Capital Management, minority shareholder in The Restaurant Group which owns Wagamama, has called on the board of the company to replace chair Ken Hanna. Irenic, which owns a shareholding of 2.6% in TRG, wants Hanna replaced due to his “documented disregard for the best interests of all shareholders”. Alongside…
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Jun- 2023 -21 JuneNews
The Restaurant Group unveils senior team changes
The Restaurant Group, which operates approximately 400 restaurants and pubs across the UK, has today announced a number of changes to its senior team. Kirk Davies, after more than five years at the company, will step down from his role as chief financial officer after TRG’s interim results in September…
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9 JunePeople
TRG independent non-executive director to step down
The Restaurant Group has announced that Alex Gersh, an independent non-executive director of the group and the chair of its audit committee, will be stepping down from his role on 1 July. The group has announced that Loraine Woodhouse, who has been a member of the board since 4 July…
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May- 2023 -24 MayRestaurants
Wagamama owner narrowly beats AGM investor revolt
Wagamama owner The Restaurant Group (TRG) has narrowly beaten a revolt from rebel investors over the pay of CEO Andy Hornby and the direction of the company at its most recent AGM. Over 45% of shareholders voted against the company’s directors remuneration report for 2022 which revealed that Hornby was…
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19 MayRestaurants
TRG comes under renewed pressure from activist investor
The Restaurant Group (TRG), owner of Wagamama, has reportedly come under renewed pressure from activist investors, according to reports from The Times. Oasis Management Company, the hedge fund leading the rebellion, has accused TRG of excluding “certain” shareholders from key information ahead of the company’s AGM. Oasis has used its…
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4 MayNews
The Restaurant Group to shut 23 sites by end of May
The Restaurant Group, which operates approximately 410 restaurants and pub restaurants throughout the UK including Wagamama, Brunning & Price and Frankie & Benny’s, is set to reinstate the closing of 23 of its sites at the end of May 2023. The group said it had successfully negotiated a number of…
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2 MayRestaurants
TRG reports Wagama sales up 9% despite backlash from investors
Wagamama owner, the Restaurant Group, has revealed that Wagamama sales grew 9% compared with 2022, over the four weeks to April 30, despite facing backlash from activist investors. According to its latest trading update, covering the 13 weeks to 2 April 2023, it recorded a 15% increase in dine in…
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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…
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Feb- 2023 -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,…
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