All Chiquito articles – Page 4
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Analysis & InsightHappy hour for pub groups
Despite the noise surrounding the consumer sector, the pub M&A market is buoyant, with varied and competing investors alive to the attractions of the sector, according to AlixPartners’ Graeme Smith.
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OpinionIt’s all White now
Earlier this year, Nick White, former MD of Bella Italia, Chiquito and Garfunkels, was named as new chief executive of Bistrot Pierre. White and co-founder Robert Beacham speak to Mark Wingett about how the business is evolving and how it is cutting its cloth in more austere trading conditions
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Analysis & Insight
In other news
Whilst last week’s news was dominated by the fast-moving story at Patisserie Holdings, the last month has shone a light on a number of other companies in the sector, which are faced with their own issues and questions about their future. Mark Wingett gives his thoughts on the Coaching Inn Group; TGI Fridays; Five Guys; The Restaurant Group (TRG); and Gordon Ramsay.
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NewsMcGowan departs TRG in restructure
The Restaurant Group has confirmed to MCA that Murray McGowan has left his role as managing director of its Leisure division.
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NewsTRG brings nine more sites to market
The Restaurant Group has brought another nine sites to the market, following the successful disposal of 31 restaurants to date.
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Analysis & InsightThe virtual world becomes reality
Virtual restaurants might sound like a computergenerated fabrication – but the food they delivery is very much a physical reality, and it’s growing. As the major delivery companies start to push into restaurant brands, Finn Scott-Delany examines the lie of the land.
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NewsTRG in talks to acquire Peach Pub Company
The Restaurant Group (TRG) is in talks to acquire Peach Pub Company, the Midlands-based, multiple pub operator
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NewsAnalysts corner: Edison and Goodbody on TRG
While The Restaurant Group’s H1 trading update this morning might not have looked too rosy on the surface, the fact it is mid-turnaround meant a 3.7% drop in like-for-likes was actually no worse than expected, according to analyst Edison, which shares its views of the results alongside Goodbody.
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NewsTRG sees lfls down 3.7%; total sales down 2.1%
The Restaurant Group (TRG) has announced a decline in like-for-like (lfl) sales of 3.7%, while total sales are down 2.1% to £326.1m (2017: £333.1m), for the 26 weeks to 1 July 2018.
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NewsTRG to acquire Food & Fuel
The Restaurant Group (TRG) has agreed to acquire Food & Fuel, London-based food-led pub operator, in a deal valued at c£15m. MCA understands that the 11-strong Food & Fuel business, which comprises eight gastropubs, one sports pub and two café bars, will be incorporated into TRG’s c65-strong pub arm – ...
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Analysis & InsightBrandwatch: Chiquito
A common feature at leisure and retail parks across the UK, fast-casual Mexican chain Chiquito has underperformed the market in recent years. In response, parent company TRG has been investing in the brand’s development – so have their efforts been bearing fruit? Georgi Gyton investigates.
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NewsTRG launches delivery-only concept for Chiquito
The Restaurant Group (TRG) is rolling out a delivery-only concept for its Chiquito brand called Kick-Ass Burrito
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NewsBoyers joins TRG
Brett Boyers, who stepped down from Boparan Restaurant Group earlier this year, has joined The Restaurant Group
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NewsL&G signs new restaurant operators to Valley Centertainment
Legal & General (L&G) has agreed deals with two new restaurant operators at Valley Centertainment Leisure Park in Sheffield – Proove and Thirty Nine Desserts.
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Analysis & InsightGreater use of psychological pricing expected
The use of psychological pricing is expected to increase, as market conditions remain tough and operators try to tempt customers through their doors, according to new MCA research.
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Analysis & InsightCasual dining: The middle ground
In a challenging climate for the casual-dining sector, what is the health of those operators in the middle ground? MCA’s director of insight Steve Gotham analyses some key players using a range of MCA’s analytic tools
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News
Mercer swaps EAT for Coco di Mama
Tom Mercer has stepped down from EAT to join Coco Di Mama, as its first head of people.
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NewsTRG pre-tax profits fell 26.4% in 2017
The Restaurant Group saw adjusted pre-tax profits fall 26.4% to £56.7m over what it described as a “transitional” year in 2017
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NewsPrezzo needed a pick up earlier
In what could be the biggest Company Voluntary Arrangement (CVA) the UK’s restaurant sector has experienced, Prezzo is set to shed nearly a third of its estate, including its Chimichanga brand, in a further high profile example of the issues currently impacting the industry. So how did it come to this for a business that sparked a bidding battle and sold for a price that analysts at the time said undervalued it, asks Mark Wingett
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News
Analysts corner: Peel Hunt on TRG
Peel Hunt’s Douglas Jack and Ivor Jones give their overview on what to expect when TRG reports on its 2017 results next week.