All The Restaurant Group (TRG) articles – Page 4
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News
TRG increases forecasts
The revision comes off the back of “market outperformance” in like-for-like sales in recent months at Wagamama, and its pubs and leisure businesses
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News
New chairman for The Restaurant Group
The Restaurant Group has announced Ken Hanna will join the board, beginning his role as chairman on 1 January 2022.
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News
Frankie & Benny’s rebrands
The Italian American restaurant brand from The Restaurant Group has rebranded its Basildon branch to Frankie’s, the first of three major refurbishments this year
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Analysis & Insight
Increasing labour costs leave TRG ‘highly exposed’
The Restaurant Group’s (TRG) high labour cost to sales ratio, and lack of energy cost hedging, has contributed to analyst Peel Hunt cutting its target price by 30p per share.
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Interviews
Andy Hornby: ‘Make sure your supply forecasting is nailed on’
In the second part of an interview with MCA, Andy Hornby, chief executive of The Restaurant Group, discusses the importance of accurate supply forecasting and simplifying menus as a way of controlling menu price inflation. He also discusses pub estate expansion, as well as current and future prospects for trading.
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Analysis & Insight
Cost increases could cloud TRG’s future performance
There was a generally positive reaction from analysts to The Restaurant Group’s recent first half trading update, which included the 15-week period following the reopening of indoor dining, although longer-term questions remain.
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News
Andy Hornby: “There is a long-term structural shift around delivery”
Following The Restaurant Group’s first-half results announcement MCA caught up with Andy Hornby, chief executive, to discuss recent trading.
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News
Wagamama achieves +21% like-for-like growth
The Restaurant Group has reported strong like-for-like sales since the reopening of indoor trading. But dine-in covers remain below 2019 equivalents, with much of the growth coming via delivery. During the 15 weeks to 29 August 2021, its Wagamama brand achieved +21% like-for-like growth versus its 2019 ...
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News
TRG chair to step down
The Restaurant Group has announced that chairman Debbie Hewitt MBE will be stepping down from the board from 31 December 2021.
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Interviews
TRG’s Andy Hornby: ‘Everyone understood the world had changed’
When the pandemic took hold in March last year, it was obvious to The Restaurant Group’s (TRG) chief executive Andy Hornby that “all bets were off” – tough decisions had to be made.
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News
Andy Hornby: TRG ‘seriously expanding’ Brunning & Price
The Restaurant Group (TRG) plans to near double the number of Brunning & Price pubs following its £175m recapitalisation, chief executive Andy Hornby has told MCA.
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Interviews
TRG’s Andy Hornby: We will open fewer Wagamamas in city centres
The impact of the pandemic has not dampened The Restaurant Group’s (TRG) ambition to continue to expand the footprint of its Wagamama brand – but it has changed where those restaurants will be located, chief executive Andy Hornby has told MCA.
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News
Restaurant Group sees ‘very encouraging recovery’ in sales
The Restaurant Group (TRG) saw a “very encouraging recovery in sales” in the five weeks to 16 May, following the opening up of venues for outdoor dining.
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Events
Retailer’s Retailer Awards 2021 winners
The best of the best in the hospitality industry were recognised at MCA’s 2021 Retailer’s Retailer Awards, which were broadcast live on 11 March.
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News
TRG’s capital raise will better position it for growth, say analysts
The Restaurant Group (TRG) announcement of a £175m capital raise, yesterday (10 March), has been met positively by analysts, who believe it better position the business for future growth.
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News
TRG revenues down more than 50 percent
The Restaurant Group (TRG) has seen total revenues down 57% to £459.8m, for the 52 weeks ended 27 December 2020.
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News
TRG announces £175m capital raise
The Restaurant Group (TRG) has announced a proposed capital raise of £175m, by way of a firm placing, and placing and open offer.
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News
TRG debt renegotiation met with positive reaction
The Restaurant Group’s (TRG) announcement yesterday (1 March) that it had renegotiated is debt facilities has been met with positive notes from analysts.
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News
TRG commits to new £500m debt facilities
The Restaurant Group (TRG) has signed commitments in relation to £500m of new debt facilities, which comprise a £380m term loan facility and a £120m super senior revolving credit facility.
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News
Hospitality companies see stocks rise on back of roadmap announcement
Investors have snapped up hospitality and leisure stocks following the announcement by Boris Johnson of his roadmap out of lockdown on Monday.