All The Restaurant Group (TRG) articles – Page 6
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Analysis & InsightCost 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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NewsAndy 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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NewsWagamama 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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NewsTRG 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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InterviewsTRG’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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NewsAndy 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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InterviewsTRG’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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NewsRestaurant 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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EventsRetailer’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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NewsTRG’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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NewsTRG 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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NewsTRG 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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NewsTRG 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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NewsTRG 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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NewsHospitality 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.
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Analysis & InsightJP Morgan on The Restaurant Group
JP Morgan has downgraded its revenue forecasts for The Restaurant Group (TRG) as the likelihood of significant restrictions continuing past the first quarter of this year increase; but it remains positive about the group’s expansion prospects, particular through Wagamama.
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News
TRG appoints new non-exec director
The Restaurant Group (TRG) has appointed Alex Gersh as a non-executive director. He will join the board on 23 February 2021 and will become a member of both the audit and nominations committees.
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NewsLeading operators come together to establish Zero Carbon Forum
Burger King, Brewdog, Nando’s and The Restaurant Group are among leading hospitality operators who have come together to establish the Zero Carbon Forum.
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NewsTRG hopes to move forward with airport sites
The Restaurant Group is hoping to press ahead with plans to open four new sites in 2021 at Manchester Airport, though opening dates will depend on a return of passenger numbers in the new year, MCA understands.