All Chiquito articles

  • Andy Hornby

    Andy Hornby: ‘Make sure your supply forecasting is nailed on’


    In the second part of an interview with MCA, Andy Hornby, chief executive of The Restaurant Group, discusses the importance of accurate supply forecasting and simplifying menus as a way of controlling menu price inflation. He also discusses pub estate expansion, as well as current and future prospects for trading.

  • Wagamama Rushden Lakes
    Analysis & Insight

    Cost increases could cloud TRG’s future performance


    There was a generally positive reaction from analysts to The Restaurant Group’s recent first half trading update, which included the 15-week period following the reopening of indoor dining, although longer-term questions remain.

  • Andy Hornby

    Andy Hornby: “There is a long-term structural shift around delivery”


    Following The Restaurant Group’s first-half results announcement MCA caught up with Andy Hornby, chief executive, to discuss recent trading.

  • GettyImages-1206334687

    Dominic Walsh: Casual dining one of ‘big losers’ of pandemic


    It used to be so simple. Come up with a restaurant concept and a brand, open one restaurant, then a second, then aim for five outlets then ten and 20, and if it’s still working, press the button on a nationwide rollout. Well, something like that, anyway.

  • wagamama

    Wagamama announces double closure following business review


    Wagamama is to permanently close two of its London sites, including its ‘noodle lab’ in Soho. The pan-Asian chain, which is owned by The Restaurant Group (TRG), says it made the decision following a review of the company’s portfolio brought about by a ‘marked shift’ in customer demand caused by the Coronavirus pandemic. As a result of the review, it has been decided that Wagamama’s Mansion House restaurant, as well as its ‘noodle lab’ test kitchen on Dean Street, are no longer economically viable, and both sites have been closed.

  • Frankie and Bennys

    Restaurant Group CVA is ‘reshaping the face of casual dining’


    The Restaurant Group’s announcement yesterday that it is proposing a CVA for it’s long-troubled leisure division was a major, if not entirely unsurprising development, in a coronavirus-dominated news cycle. Under the proposals, the company voluntary arrangement will allow for a restructure of the estate, which will see it exit 125 ...

  • Frankie and Bennys

    Restaurant Group in talks over leisure restructure


    The Restaurant Group has confirmed it is in discussions with landlords regarding “potential restructuring options” of its leisure estate.

  • Frankie and Bennys

    TRG to close up to 120 sites


    The Restaurant Group is to permanently close between 100 and 120 of its leisure brands sites.

  • Frankie & Benny's

    Frankie & Benny’s to close a “large number” of sites


    The BBC has reported that a “large number” of Frankie & Benny’s restaurants are to close. It said an email to staff sent by the Restaurant Group says many sites are “no longer viable to trade and will remain closed permanently. The Covid-19 crisis has significantly impacted our ability to trade profitably, so we’ve taken the tough decision to close these restaurants now,” the email said.

  • Restaurant

    Editor’s Opinion: Hang tight and plan your return


    The coronavirus continues to wreak havoc. It’s claimed hundreds of thousands of lives around the world and numbers continue to rise. As dreadful as that is, the long term socio-economic impact is more disturbing. The virus has created a level of disruption to health, society, and the economy that’s never happened before, outside of wartime. And while there is plenty of speculation on how life in general may get back to normal post-lockdown, with vaguely optimistic or pessimistic dates floating around, there is no clarity on how or when this might end.

  • restaurant cafe table

    Timeline: How the coronavirus crisis unfolded


    Here are just some of the twists and turns over the last few weeks. If you want to read all the MCA coverage of the coronavirus crisis click here.

  • Wagamama

    TRG models ‘pessimistic’ slow recovery scenario


    The Restaurant Group has modelled a “pessimistic scenario” for the current financial year, which would see 400 of its sites reopened gradually between July and December.

  • Frankie and Bennys

    TRG raises £57m in share placing


    The Restaurant Group has raised £57 million following the succes

  • GettyImages-502686875

    KPMG: ‘This will ultimately wipe out the weaker operators’


    The hospitality industry is entering a period of relative calm, with attention now turning to medium and longer term challenges, KPMG’s Will Wright has told MCA.

  • Frankie and Bennys

    TRG: no plans to put any more brands into administration


    The Restaurant Group has no current plans to put any more of its brands into administration, MCA understands, including Frankie & Benny’s, Brunning & Price and Wagamama. Last week TRG filed a notice of intention to appoint an administrator for Chiquito, which makes up part of its 350-strong leisure arm ...

  • Carluccio's Maida Vale

    Carluccio’s on the verge administration


    Carluccio’s is on the verge of administration, it emerged this evening.

  • Chiquito fajitas

    TRG to place Chiquito in administration


    The Restaurant Group-owned brand Chiquito has filed a notice of its intention to appoint administrators, suggesting it may be the first big restaurant group to collapse because of coronavirus, the Times reports.

  • GettyImages-510629908
    Analysis & Insight

    ​Steve Gotham: Turning up the heat and other NPD delights


    New product development (NPD) is rightly recognised as a lifeblood for the eating out industry, and MCA’s Menu Tracker offers insights into the latest menu trends and influences across 150 leading operators. This review only serve as a taster, but the three courses have each been accompanied with three key summary insights.    

  • Wagamama

    Wagamama “has transformed” The Restaurant Group says Hornby


    Buying Wagamama has had a transformational effect on the fortunes of The Restaurant Group, said the business as it released its results for the 52 weeks to 29 December 2019. It said total sales were up 56.4% from £686m to £1,073.1m, while adjusted pre-tax profits were £74.5m. It recorded an exceptional pre-tax charge of £111.8m due to “impairment” in its leisure arm, primarily made up of Frankie and Benny’s and Chiquito, leaving a statutory loss before tax of £37.3m.

  • Frankie and Bennys

    More closures expected for TRG leisure brands


    The Restaurant Group is expected to announce further closures of Frankie & Benny’s and Chiquito this week, the Mail on Sunday reports.