All Coast to Coast articles
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NewsRestaurant 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 ...
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NewsRestaurant 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.
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NewsTRG to close up to 120 sites
The Restaurant Group is to permanently close between 100 and 120 of its leisure brands sites.
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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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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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Analysis & InsightCrepe expectations
Daniel Spinath, founder and chief executive of Crepeaffaire, talks with Jo Bruce about cinema sites in Saudi Arabia, savoury waffles, cocktails and being an entertainment company.
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NewsTRG brings 22 more sites to market
The Restaurant Group (TRG) has confirmed it is marketing 22 sites as part of a process to rationalise its estate.
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News
TRG appoints brand strategy director
The Restaurant Group has promoted Elise Ash to the role of strategy and brand director, MCA understands.
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NewsTRG promotes Humphries to Frankie and Benny’s MD
The Restaurant Group has promoted Ollie Humphries to managing director of its Frankie & Benny’s brand, MCA understands.
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NewsAnalysts corner: Wagamama
On the back of Wagamama’s Q2 trading update (see below), Peel Hunt analysts Douglas Jack and Ivor Jones have noted that costs “continue to surge”. They take a look at the prospects for the brand and its new parent company, The Restaurant Group, throughout 2019.
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Opinion
Analysts corner: Peel Hunt on TRG
Peel Hunt analysts Douglas Jack and Ivor Jones have updated their comments on The Restaurant Group’s bid for Wagamama, saying yesterday’s rights issue announcement failed to address the key issues. They set out some of the questions they believe investors should be asking of the group.
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NewsAnalysts corner: Goodbody on TRG/Wagamama deal
There have been a range of positive and negative reactions from analysts following the proposed sale of Wagamama to The Restaurant Group, but despite some concerns Goodbody feels is it a deal that can deliver.
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NewsTRG gambles big on Wagamama deal
The Restaurant Group (TRG) chief executive Andy McCue has rolled the dice and landed on Wagamama – arguably the UK restaurant sector’s best-in-class concept. It is a gamble that many would argue the Frankie & Benny’s operator had to take, but – with TRG’s shareholder still to OK the deal – what does it mean for both businesses and for the wider sector, asks Mark Wingett.
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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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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.