All Food and Fuel articles

  • Frankie and Bennys
    News

    TRG to close up to 120 sites

    2020-06-04T07:39:00Z

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

  • Wagamama
    News

    TRG models ‘pessimistic’ slow recovery scenario

    2020-04-09T11:21:00Z

    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
    News

    TRG raises £57m in share placing

    2020-04-09T07:40:00Z

    The Restaurant Group has raised £57 million following the succes

  • GettyImages-502686875
    News

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

    2020-04-02T07:32:00Z

    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
    News

    TRG: no plans to put any more brands into administration

    2020-03-30T11:34:00Z

    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 ...

  • Carluccio's Maida Vale
    News

    Carluccio’s on the verge administration

    2020-03-27T20:16:00Z

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

  • Chiquito fajitas
    News

    TRG to place Chiquito in administration

    2020-03-27T08:51:00Z

    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.

  • pub beer
    Analysis & Insight

    AlixPartners: The bar remains open

    2019-08-15T06:58:00Z

    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.

  • Chiquito fajitas
    Opinion

    Analysts corner: JP Morgan on TRG

    2019-03-15T08:38:00Z

    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.

  • Wagamama Rushden Lakes
    News

    TRG returns to lfl growth

    2019-03-15T07:30:00Z

    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%.

  • Wagamama Rushden Lakes
    Analysis & Insight

    Analysts corner: Goodbody on TRG

    2019-03-13T08:37:00Z

    Paul Ruddy, of Goodbody, poses some key questions about The Restaurant Group, ahead of their trading update on Friday.

  • News

    TRG CEO McCue to step down

    2019-02-14T07:11:00Z

    The Restaurant Group chief executive Andy McCue is to leave the company “due to extenuating personal circumstances”.

  • Wagamama
    Analysis & Insight

    That was the year that was in M&A

    2018-12-17T08:41:00Z

    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.

  • Simon Townsend
    News

    Second round bids due to Ei Group commercial properties portfolio

    2018-12-06T09:05:00Z

    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.

  • Frontier Pubs
    News

    Frontier grows to nine pubs

    2018-11-30T08:32:00Z

    Frontier Pubs, the Ei Group Managed Investment joint venture with Karen Jones’ Pioneer Hospitality, is to grow to nine pubs by Christmas.

  • Peach Pubs High Field in Edgbaston
    News

    TRG pulls out of Peach talks

    2018-11-19T07:56:00Z

    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.

  • Wagamama
    News

    TRG gambles big on Wagamama deal

    2018-10-31T08:18:00Z

    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.

  • Food & Fuel
    Analysis & Insight

    Happy hour for pub groups

    2018-10-22T08:00:00Z

    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.

  • Food & Fuel
    News

    TRG appoints head of ops for Food & Fuel

    2018-09-27T08:19:00Z

    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.

  • Brunning and Price
    News

    Brunning & Price acquires Surrey Hills pub

    2018-09-18T08:07:00Z

    Brunning & Price has acquired The Parrot Inn in Forest Green, near Dorking, Surrey.