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 [...]
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 [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 9, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Chairman trades The Restaurant Group for the FA The Restaurant Group (TRG), which host brands like Wagamama and Frankie & Benny’s, has confirmed this week that its chairman will be stepping [...]
Debbie Hewitt to become first female chair of the FA as she leaves Restaurant Group June 8, 2021 Debbie Hewitt is set to become the FA’s first female chair, with the Restaurant Group confirming she will be leaving the same position at the hospitality firm this morning. Hewitt will leave the Restaurant Group – which owns Wagamama and Frankie and Benny’s – at the end of December 2021. Read more: FA Cup to [...]
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 owner The Restaurant Group slams current Covid tier system December 18, 2020 Wagamama owner The Restaurant Group has warned that the current coronavirus tiering system in England will have a significant negative impact on the firm and the wider hospitality industry. Shares in Restaurant Group, which also owns Frankie & Benny’s, dipped more than four per cent this morning after it announced that more than 60 per [...]
Watches of Switzerland shares soar as it clocks strong sales during pandemic October 6, 2020 Watches of Switzerland has raised its full-year expectations after the company saw sales jump 20 per cent over the last quarter, sending shares up almost 23 per cent in morning trading. Revenue at the luxury watchmaker beat expectations over the 10 weeks to 25 October, hiking 20.2 per cent year on year to £202.7m. The [...]
Wagamama and Frankie & Benny’s owner TRG sees central London pub and restaurant sales collapse October 6, 2020 Wagamama and Frankie & Benny's owner TRG sees central London pub and restaurant sales collapse
Coronavirus: The Restaurant Group boss to take 40 per cent pay cut April 6, 2020 The boss of Wagamama owner The Restaurant Group will take a 40 per cent pay cut as the casual dining company battles the financial impact of coronavirus. Chief executive officer Andy Hornby, who joined the company in August last year, will also forego his bonus of £98,000. The Restaurant Group finance chief Kirk Davis has [...]
The Restaurant Group shares fall as chief executive Andy McCue prepares to step down February 14, 2019 The Restaurant Group (TRG) led the market fallers this morning after chief executive Andy McCue surprised the City by announcing plans to resign "due to extenuating personal circumstances". TRG's share price plunged almost 15 per cent in morning trading following a statement today from McCue, who is set to remain in his position until a new boss is [...]