All The Restaurant Group (TRG) articles

  • Frankie & Benny's
    News

    TRG director leaves amid leisure restructure

    2020-09-07T07:41:00Z

    The Restaurant Group divisional MD Nick Shelmerdine has left the group following the downsizing of its leisure divisions.

  • Wagamama
    News

    TRG secures £50m through CLBILS

    2020-07-10T07:12:00Z

    The Restaurant Group has secured a loan of £50m through the Coronavirus Large Business Interruption Loan Scheme (CLBISL) as it looks to increase flexibility in its banking facilities.

  • Frankie & Benny's
    News

    TRG successful in CVA bid

    2020-06-29T13:21:00Z

    The Restaurant Group has confirmed that its proposed CVA for its leisure estate has been approved. It said over 82% of all creditors voted in favour of the proposal (75% approval required) and over 65% of the unconnected creditors voted in favour of the proposal (50% approval required).

  • Frankie and Bennys
    News

    TRG launches CVA to close 125 sites

    2020-06-10T07:10:00Z

    The Restaurant Group has announced a proposal to enter a company voluntary arrangement (CVA) for its leisure estate.

  • 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 Rushden Lakes
    Analysis & Insight

    Goodbody on The Restaurant Group

    2020-05-13T07:27:00Z

    While Restaurant Group has faced a number of well documented challenges before the advent of the current coronavirus crisis took hold, including the oversupply of branded restaurant chains in the UK, cost inflation, high rents and struggling legacy brands, the closure of the sector for a quarter has presented a ...

  • 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

  • Wagamama_Old_St_005
    News

    TRG downsizes exec pay and operations

    2020-04-06T07:29:00Z

    The Restaurant Group has announced an extension to its lending facilities, executive pay cuts and a downsizing of its board.

  • 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 ...

  • 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.

  • Analysis & Insight

    Goodbody on M&B, TRG, Marston’s

    2020-03-19T08:31:00Z

    Mitchells & Butlers, Restaurant Group and Marston’s all seeing a significant impact from COVID-19

  • Wagamama
    News

    TRG predicts 2020 sales decline of 25%

    2020-03-18T08:41:00Z

    The Restaurant Group has predicted an overall decline in like-for-like sales of 25% in FY2020 as it has experienced an “increasing and material impact” of COVID-19 in recent weeks.

  • Wagamama
    News

    Wagamama “has transformed” The Restaurant Group says Hornby

    2020-02-26T08:17:00Z

    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.

  • Frankie and Bennys
    News

    More closures expected for TRG leisure brands

    2020-02-24T07:58:00Z

    The Restaurant Group is expected to announce further closures of Frankie & Benny’s and Chiquito this week, the Mail on Sunday reports.

  • TRG Logo
    Analysis & Insight

    Goodbody on TRG

    2020-01-16T07:58:00Z

    Restaurant Group will report a Q4 trading update in late January. At this point last year RTN gave full year LFL’s for the group and total sales. We forecast FY LFL sales growth of -0.8% in the Legacy business with LFL sales growth of 8.8% for Wagamama UK (implying a group FY LFL of just above 2%). As a reminder group LFL growth was +3.7% in the first 34 weeks.

  • Frankie and Bennys
    News

    TRG appoints Chambers as leisure brands CEO

    2020-01-10T08:30:00Z

    The Restaurant Group has appointed Mark Chambers to the new position of CEO of its leisure brands.

  • Wagamama_Didsbury_013
    News

    Analysts’ verdict: JP Morgan and Goodbody on Wagamama

    2019-11-26T08:42:00Z

    Wagamama’s second quarter trading update may have revealed its lowest like-for-like growth rate since Q4 2016, but according to analysts at JP Morgan this is missing the point.

  • Wagamama app
    News

    Tallboy made group CIO of TRG

    2019-11-12T08:25:00Z

    Wagamama chief information officer Richard Tallboy has been promoted to group CIO of parent company The Restaurant Group, MCA understands.

  • 191014 TRG F&Bs Pepperoni Romana_55
    News

    Frankie & Benny’s focuses new menu on Italian American roots

    2019-10-29T08:14:00Z

    Frankie & Benny’s has revamped its menu as it looks to highlight its Italian American roots.