All The Restaurant Group (TRG) articles – Page 3
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News
Rumours circulate about TRG pub sale
There is speculation that The Restaurant Group could be weighing up a potential sale of its pubs business Brunning & Price following pressure by activist investor Oasis
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News
Hedge fund calls on TRG to restore market confidence
The Restaurant Group said it welcomed constructive feedback from all shareholders but disputes claims about performance and the level of Oasis Management Company’s shareholding in the business
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News
Hedge fund Oasis takes 5% stake in The Restaurant Group
Hong Kong-based fund could shake up owner of Wagamama and Frankie & Benny’s chains, the FT reports
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News
TRG announces £340m debt package
The Restaurant Group has agreed a £220m Term Loan Facility and a £120m Revolving Credit Facility with its existing lenders
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News
Non-exec steps down from The Restaurant Group
Alison Digges will step down from the board, and as a member of TRG’s audit, nomination and remuneration committees, in January.
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News
TRG partners with Jones the Grocer
The Dubai-based artisan cafe, bakery and deli concept is opening a food hall style “culinary theatre” at Heathrow Airport Terminal 2
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News
TRG names new marketing director
Andreia Harwood will join The Restaurant Group’s Leisure & Concessions division (TRG L&C) from Lemon Pepper Holdings.
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Interviews
TRG: ‘Anything that helps the consumer is welcome’
Chief executive Andy Hornby speaks to MCA about introducing modest price increases, hedging the group’s utilities supply for three years, and the softening of delivery volumes
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News
TRG reports slow recovery
The Wagamama and Barburrito operator reported like-for-like sales up 4% on 2019 and profit before tax of £10.2m, up from a 2021 loss of £19.9m
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News
TRG acquires Barburrito for £7m
The Restaurant Group sees potential to double the Mexican fast-casual brand’s 16-strong estate in the next four years, particularly in the South of England
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News
TRG appoints former Costa and Waitrose FD as non-exec
Loraine Woodhouse joins The Restaurant Group as a non-executive director, effective today.
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News
TRG sees robust trading at Wagamama and Pubs
The group believes the performance and recovery at Concessions will offset the impact of inflationary pressures
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News
TRG’s CEO Andy Hornby’s £1m gravy train
Hornby has been blasted for taking a bonus after the owner of Wagamama and Frankie & Benny received £43m in furlough cash, This Is Money reports
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Analysis & Insight
Berenberg: ‘TRG’s growth outlook is best-in-class’
The analyst said that despite facing significant cost inflation this year, it thinks TRG can still outperform consensus earnings expectations
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Interviews
TRG: We won’t take customers for granted
Following The Restaurant Group’s full year results, CEO Andy Hornby tells MCA how delivery has plateaued at Wagamama, why he’s cautiously optimistic about the revival of concessions, and why the group won’t be hiking prices in line with inflation
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Analysis & Insight
Andy Hornby: ‘As an industry, we should still be very worried’
The Restaurant Group’s CEO has warned that VAT and price inflation are masking the true performance of the market
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News
TRG making ‘good progress’ against strategic objectives
Its Wagamama and Pubs divisions have continued to outperform the market since the year end, with a strong pipeline of openings for both businesses, TRG said in its full year results to 2 January 2022
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News
TRG revises up its profit forecast
The group’s like-for-like sales for October, November and December show it broadly outperformed the market, and was trading above 2019 levels before Omicron hit
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News
TRG likely to drop out of FTSE 250
The Restaurant Group is still struggling to regain its pre-pandemic form, according to analyst Hargreaves Lansdown
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Analysis & Insight
Brandwatch: Frankie & Benny’s
The story of Italian American restaurant brand has gone through quite a few twists and turns in recent years, but owner The Restaurant Group has been working to pull it firmly into the 21st century.