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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Jan- 2019 -24 JanuaryBusiness
The Restaurant Group sales drop 2%
The Restaurant Group (TRG) saw a 2% drop in its like-for-like sales for the 52 weeks ending 30 December 2018 compared with the same period last year. This is excluding the recently acquired Asian restaurant chain Wagamama. Including one week of trading from Wagamama, the group’s total sales increased by…
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4 JanuaryRestaurants
Wagamama outperforms sector with 12% sales growth
Asian noodle chain Wagamama has continued to outperform its competitors for almost five years (239 weeks) as it posted a turnover increase of 15.4% to £81.5m in the 28 weeks to 11 November 2018. The company posted a 11.3% UK outperformance of the market for the period. In Q2 2018/19,…
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Dec- 2018 -20 DecemberRestaurants
Wagamama to share £4m bonus among staff following TRG sale
Wagamama is to give its employees Christmas bonuses of up to £2,000 from a £4m pot following the sale of the Asian dining chain to The Restaurant Group (TRG) for £599m. Provided they have worked for the company for at least 12 months, head chefs and managers will receive £2,000…
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Nov- 2018 -28 NovemberBusiness
The Restaurant Group acquisition of Wagamama to go ahead
The Restaurant Group’s (TRG) acquisition of Wagamama is to go ahead despite 40% of shareholders voting against the deal. Shares in the group sank by 13% on Wednesday, with big name shareholders concerned about price and debt levels for the group. Debbie Hewitt, chairwoman of TRG, said she was pleased…
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21 NovemberBusiness
TRG investors to oppose Wagamama acquisition
The Restaurant Group’s (TRG) investors are planning to vote against the company’s proposal to acquire Wagamama as they have said it “throws up too many red flags”. Columbia Threadneedle Investments, which owns 7.7% of TRG, have confirmed they are planning to oppose the proposal in a meeting on 28 November.…
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12 NovemberBusiness
Restaurant Group plans rights issue to fund Wagamama purchase
The Restaurant Group (TRG) has announced it is a offer a discounted rights issue in order to fund its purchase of Wagamama. As many as 290 million new shares are set to be issued in a ‘13 for nine’ rights issue priced at 108.5p. Current shareholders and analysts have already…
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Oct- 2018 -30 OctoberBusiness
The Restaurant Group buys Wagamama
Frankie and Benny’s owner The Restaurant Group (TRG) has announced it has conditionally agreed to purchase Mabel Topco, operating as Wagamama for a cash payment of £357m. TRG said its offer valued Wagamama at £559m and it would convert some of its existing sites into Wagamama restaurants. It plans to…
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4 OctoberBusiness
The Restaurant Group puts nine sites up for sale
Frankie and Benny’s and Chiquito owner, The Restaurant Group (TRG) has put nine of its restaurants up for sale following the successful sale of 31 of its restaurants. International real estate advisor Savills has been instructed to sell its former sites in England and Scotland. The units are available on…
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