All Chiquito articles – Page 2
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NewsTRG 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.
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NewsTRG raises £57m in share placing
The Restaurant Group has raised £57 million following the succes
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NewsKPMG: ‘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.
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NewsTRG: 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 ...
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NewsCarluccio’s on the verge administration
Carluccio’s is on the verge of administration, it emerged this evening.
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NewsTRG 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.
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Analysis & InsightSteve 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.
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NewsWagamama “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.
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NewsMore 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.
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NewsTRG appoints Chambers as leisure brands CEO
The Restaurant Group has appointed Mark Chambers to the new position of CEO of its leisure brands.
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NewsGunwharf Quays – Restaurant and retail therapy a plenty!
With more than 30 bars, cafés and restaurants (as well as over 90 shops) Gunwharf Quays offers an abundance of opportunities for plenty of remedial treatment. Supported by its impressive waterfront location, attractive design and assorted leisure-related reasons to visit, Gunwharf Quays is one of the UK’s finest outlet shopping centres. So amongst some Christmas shopping, I was keen to see how it is using its extensive assortment of Food & Beverage purveyors to both restore weary shoppers as well as to act as a footfall driver in its own right. But also, and more critically, I was keener to see some something new and surprising.
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NewsDeliveroo launches click and collect service
Deliveroo has launched its long-awaited click and collect service, Pickup, which is currently available from 13 cities in the UK.
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Analysis & Insight‘TRG now has a future’
The legacy of Andy McCue’s truncated time as chief executive of The Restaurant Group is, as well all know, the £559m acquisition of Wagamama. When the deal squeaked through last year, there was widespread scepticism over the longevity of its stellar like-for-like sales growth.
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OpinionOpinion: TRG has a spicy star in Wagamama
There are 135 reasons why the new Restaurant Group CEO, Andy Hornby, can feel positive about the future. That’s how many Wagamama sites there are in the UK and each one is crucial to TRG (it also has five in the US and 57 franchises elsewhere around the world).
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Analysis & InsightMixed wag: TRG leisure estate continues to drag
Former HBOS boss Andy Hornby might have hoped for a smooth introduction to the sector yesterday after joining The Restaurant Group as CEO in August.
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NewsRestaurant Group writes off £125m amid ‘structurally unattractive’ leisure estate review
The Restaurant Group has written off £125m - nearly £100m related to its leisure restaurant business - as it faces continued retail decline and saturated local markets.
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OpinionAnalysts’ verdict: Goodbody on The Restaurant Group
In advance of The Restaurant Group’s H1 trading update tomorrow, analyst Goodbody says it’s expecting strong growth from Wagamama and evidence of stabilisation within its leisure division.
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NewsTRG expands delivery brands under new new division
The Restaurant Group is launching two new virtual brands, Daily Naan and K Bird, as part of a new business division TRG Delivery, MCA understands.
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Analysis & InsightCleanliness next to goodliness?
Following reports by the BBC last month that food delivery platforms are undermining public trust by listing operators with poor hygiene ratings, MCA insight director Steve Gotham takes a look at the latest MCA Eating Out Panel data to find out how consumers view the cleanliness of their eating out experiences.
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Analysis & Insight’A brand that has been around for a certain amount of time can be both a gift and a curse’
The Restaurant Group’s director of product innovation talks to Sarah Sharples at MCA’s sister title Food Spark about dish development at Frankie & Benny’s, why innovation is key to fighting casual dining woes and her hopes for sustainable eating.