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.
Shareholder spat at The Restaurant Group hots up as investors demand improvement February 21, 2023 The Restaurant Group (TRG) came under increasing pressure today after its second largest shareholder, Oasis, doubled down on its demands to immediately improve the firm’s struggling share price. Oasis, which has a 6.5 per cent stake in TRG, has argued that the chain needed an “immediate” change of governance because it had “one of the [...]
Wagamama owner warns of ‘volatile market’ as food and drink inflation surpasses expectations May 24, 2022 The owner of Wagamama has warned food and drink inflation is anticipated to be as high as 10 per cent this year, higher than earlier estimations. In a trading update ahead of its AGM, The Restaurant Group (TRG) said its cost pressures had been exacerbated by the war in Ukraine. Food and drink inflation was [...]
Mark Kleinman: Why Starling needs Engine to fuel IPO dream November 2, 2023 Mark Kleinman is City editor at Sky News Starling needs Engine to fuel IPO dream Companies offer myriad reasons for the departures of chief executives. Few are as downright peculiar as the one given by Starling Bank when it announced in May that founder Anne Boden was stepping down. “Now that we have grown from [...]
Wagamama sales surge ahead of pre-Covid levels as the Restaurant Group ‘mindful’ of Ukraine inflationary impact March 16, 2022 Wagamama owner the Restaurant Group has reported sales surging ahead of pre-pandemic levels as the hospitality sector recovers from lockdowns. In full-year results, the operator said like-for-like sales at Wagamama, plus its pubs and leisure divisions, were well ahead of the 2019 comparable. Pub sales were up nine per cent while its leisure division saw [...]
Make it to-go: Wagamama boss Emma Woods heads for the exit April 19, 2021 Make it to-go: Wagamama boss heads for the exit
Wagamama latest to go private in £700m Apollo deal October 12, 2023 Wagamama owner The Restaurant Group is set to become the latest London-listed firm to go private after receiving a bumper bid from private equity giant Apollo.
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
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 [...]
Wagamama owner has ‘little hope for future’ activist shareholder says, urging major strategy overhaul February 16, 2023 Wagamama owner The Restaurant Group has shown “little hope for the future” and is in need of a strategy overhaul, an activist shareholder has urged. Oasis Management, a hedge fund which holds a 6.5 per cent stake in the company, called on the hospitality firm to “re-align its priorities” and take immediate steps to restore [...]