The Big Table in talks to snap up Chiquito’s and Frankie and Benny’s from TRG Leisure The owner of Cafe Rouge, The Big Table, is in talks to snap up Chiquito’s and Frankie and Benny’s from The Restaurant Group (TRG). According to a report first published in Sky News, the firm, which is backed by private equity group Epiris, is in negotiations with TRG, the London listed firm which owns Wagamama [...]
TRG: Wagamama owner on hunt for new chair after months of shareholder haggling Hospitality The Restaurant Group (TRG) are hunting for a new chairman after current one Ken Hanna has told the company he will not be standing for re-election at the next AGM in 2024. Shares rose five per cent on Friday morning after Hanna, who has been at TRG since the start of 2022, said he is [...]
Wagamama owner TRG dines out on cost savings as closure programme continues Wagamama Wagamama owner The Restaurant Group (TRG) has seen revenues rise despite the cost of living crisis, it confirmed this morning, with plans to reduce overheads with a raft of closures continuing apace. Like-for-like sales in its most popular chain, Wagamama grew 21 per cent in the two weeks to 16 July 2023, despite trading being [...]
TRG: Profits soar as Wagamama owner defies drab outlook for casual dining market September 6, 2023 TRG, which owns a slew of casual dining chains and pubs, its most popular being Japanese inspired eatery Wagamama, reported a 10 per cent rise in total revenue during the term to £467.4m.
Wagamama owner TRG under new pressure from investors ahead of AGM May 14, 2023 The Restaurant Group has come under renewed pressure from investors as Coltrane Asset Management called for change at the company after building a 3 per cent stake in the firm. The New-york based activist investor told The Sunday Times that it backed proposals by another investor, Oasis Management, for the group to sell off its [...]
TRG: Analysts bump up share price target after strong growth May 2, 2023 Shares in Wagamama owner, The Restaurant Group (TRG), soared over 13 per cent this morning as it reported strong growth for the year so far, defying previous concerns from investors. TRG told the market that Wagamama sales were up nine per cent in the first leg of the year and performance in its pubs and [...]
TRG offloads Frankie & Benny’s and pays Cafe Rouge owner £7.5m to do so September 11, 2023 Big Table Group will receive £7.5m for taking Frankie & Benny's & Chiquito off The Restaurant Group's hands
TRG: Nearly half of shareholders vote against chief’s hefty pay as tension with investors grows May 23, 2023 Shareholders dealt a major blow to The Restaurant Group (TRG) chief Andy Hornby today after large numbers voted against bosses latest pay packets. Hornby was stung by shareholders in the Wagamama’s owner after 46 per cent voted against the company’s pay report for last year at the firm’s annual general meeting in London. Hornsby received [...]
Wagamama owner TRG to close 35 locations as cost of living crisis digs into profits March 8, 2023 The Wagamama owner said that it will shutter some 35 “loss making” locations taking its portfolio from 166 restaurants down to 75-85 due to a “tough macro-environment,” which has deterred customers from eating out.
TRG: Wagamama owner admits dining out will ‘never recover’ from Covid – but chains will not disappear from High Street March 13, 2023 The chief executive of Wagamama‘s owner The Restaurant Group (TRG) has claimed that dining out will never be as popular as it was pre-pandemic – but reassured chains will not disappear from the British high street altogether. “I don’t think the [casual dining] industry will never be quite as big as it was,” Andy Hornby, [...]