All Food and Fuel articles
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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 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 & InsightAlixPartners: The bar remains open
While it has certainly become more challenging to secure investment in parts of the restaurant market, the past 12 months has seen continued M&A and investment activity across the pub and bar space. The breadth of this activity highlights the current strength of this part of the sector, and this trend does not look like slowing anytime soon, argues AlixPartners’ Graeme Smith.
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OpinionAnalysts corner: JP Morgan on TRG
On the back of The Restaurant Group’s full year results this morning, Alexander Mees at JP Morgan gives his views on what has been a busy few months for the operator.
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NewsTRG returns to lfl growth
The Restaurant Group (TRG) ended 2018 with like-for-like sales (lfls) down 2%, but has this morning reported a rise in the 10 weeks to 10 March of 2.8%.
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Analysis & InsightAnalysts corner: Goodbody on TRG
Paul Ruddy, of Goodbody, poses some key questions about The Restaurant Group, ahead of their trading update on Friday.
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News
TRG CEO McCue to step down
The Restaurant Group chief executive Andy McCue is to leave the company “due to extenuating personal circumstances”.
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Analysis & InsightThat was the year that was in M&A
This year has been far from the barren 12 months many predicted for sector M&A activity. Strong businesses with good management teams have continued to generate significant interest, especially in the drinks-led sector. AlixPartners’ Graeme Smith reflects on the major deals and themes that emerged.
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NewsSecond round bids due to Ei Group commercial properties portfolio
A handful of investment funds are believed to be through to the second round of bidding for Ei Group’s c350-strong commercial property division, which MCA understands has a book value of c£340m.
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NewsFrontier grows to nine pubs
Frontier Pubs, the Ei Group Managed Investment joint venture with Karen Jones’ Pioneer Hospitality, is to grow to nine pubs by Christmas.
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NewsTRG pulls out of Peach talks
The Restaurant Group (TRG) has pulled out of talks to acquire Peach Pub Company, the Midlands-based, multiple pub operator, as it puts all its focus on getting its proposed £559m acquisition of Wagamama across the line, MCA understands.
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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 & 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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NewsTRG appoints head of ops for Food & Fuel
The Restaurant Group (TRG) has appointed Nick O’Donnell, formerly of Mitchells & Butlers (M&B), as head of operations for its recently acquired Food & Fuel business.
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NewsBrunning & Price acquires Surrey Hills pub
Brunning & Price has acquired The Parrot Inn in Forest Green, near Dorking, Surrey.