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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Mar- 2021 -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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Jun- 2020 -10 JuneCoronavirus
The Restaurant Group launches CVA, 125 sites to close
The Restaurant Group has announced a proposal to reduce the size of its Leisure estate and rental cost base through a company voluntary arrangement (CVA). The CVA will relate to the group’s Frankie and Benny’s estate, Chiquito and Garfunkel’s sites, but will have no impact on the group’s Wagamama, airport…
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Apr- 2020 -6 AprilRestaurants
Covid-19: The Restaurant Group increases banking facilities as execs take pay cut
The parent company of Wagamama, The Restaurant Group (TRG), has announced extra flexibility in its banking facilities, with executive directors agreeing to take a pay cut amid the coronavirus pandemic. The company, behind the brands of Chiquito’s and Frankie and Benny’s, said the TRG lending group has agreed that there…
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Feb- 2020 -26 FebruaryRestaurants
The Restaurant Group to close 90 restaurants by 2021
The parent company of Wagamama and Frankie and Benny’s, The Restaurant Group, has announced it is to close up to 90 restaurant sites by the end of next year. The group said the closure will affect its ‘leisure portfolio’, which includes the Chiquito and Frankie and Benny’s sites, and follows…
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24 FebruaryRestaurants
The Restaurant Group expected to announce further closures this week
The Restaurant Group (TRG) is expected to announce further site closures later this week when it provides a trading update. According to the Mail On Sunday, TRG is preparing to close a number of its underperforming sites with many believed to be located at retail parks. It has also been…
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Sep- 2019 -3 SeptemberRestaurants
The Restaurant Group hit with £115.7m ‘exceptional’ pre-tax charge
The Restaurant Group (TRG) has been hit with a £115.7m ‘exceptional’ pre-tax charge in its interim results for the 26 weeks ended 30 June 2019. The pre-tax charge predominantly relates to a £100.2m impairment charge and a £10.7m onerous lease provision in its Leisure business, and as a result statutory…
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Aug- 2019 -13 AugustAnalysis
Spotlight: Restaurant chains defying the high street downturn
Pizza Express Pizza Express has been a mainstay on the UK highstreet since it was founded in 1965. In spite of a fairly saturated Italian dining scene the brand has maintained its presence where a majority of its competitors have struggled, including Jamie’s Italian, Prezzo and Carluccio’s. One of the…
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Apr- 2019 -9 AprilRestaurants
The Restaurant Group brings 22 sites to market
The Restaurant Group (TRG), parent company of Frankie and Benny’s, Chiquito and The Distilling House, has brought a further 22 sites to market, bringing the total number of sites up for sale to 44. It is understood that 22 of these outlets have already ceased trading and are located at…
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Mar- 2019 -15 MarchPeople
Greene King and TRG among firms ‘failing’ on gender diversity
The Investment Association and the Hampton-Alexander Review have written to 69 of the FTSE 350 companies, including pub group Greene King, outlining concerns about the lack of gender diversity on its boards. The letter, which has been sent to companies who have no women or just one woman on their…
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Feb- 2019 -14 FebruaryRestaurants
The Restaurant Group CEO resigns
The Restaurant Group (TRG) has announced that Andy McCue, CEO, will leave the company due to “extenuating personal circumstances”. The company said it anticipated that McCue would remain in his position while his successor was being recruited and added a search for his replacement would “commence immediately”. McCue, who joined…
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