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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Feb- 2023 -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…
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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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Jul- 2022 -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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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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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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Oct- 2021 -28 OctoberRestaurants
The Restaurant Group appoints new chairman
The Restaurant Group plc (TRG) has announced the appointment of Ken Hanna as its new chairman with effect 1 January 2022. The appointment follows the decision by the group’s previous chairman Debbie Hewitt who has decided to stand down at the end of the year to pursue her new role…
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Jul- 2021 -5 JulyFeatures
Are apps the answer to tackling food waste in the hospitality industry?
‘Magic bags’ from the surplus food app ‘Too Good To Go’ have become something of a viral sensation across social media channels such as TikTok over the past couple of months. The 30 second videos of savvy consumers bragging about the dozens of baked goods they scored from Greggs or…
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Jun- 2021 -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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Mar- 2021 -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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