Wagamama owner TRG hikes profit forecast as it warns of slow battle to recover consumer confidence January 21, 2022 Wagamama owner The Restaurant Group has upgraded its profit expectations after strong trade at the end of last year despite Covid uncertainty. The group was affected by Omicron concerns and restrictions, such as guidance to work from home, but said it continued to trade ahead of the market. In a trading update on Friday, the [...]
Wagamama owner The Restaurant Group reports mediocre interim results September 15, 2021 The Restaurant Group has reported lacklustre results for the first half of the year with a statutory loss before tax of £58.8m. Total sales stood at £216.8m, a 4.5 per cent drop compared to the same period in 2020. The company made a modest recovery when it came to EBITDA which jumped from a loss [...]
Wagamama owner Restaurant Group sees sales rebound as dining returns May 25, 2021 Wagamama owner Restaurant Group said sales were recovering well as Brits dined after the lifting of lockdown restrictions. The group, which has around 350 sites trading since the resumption of indoor dining, said delivery services were much higher before Covid curbs were eased. Some 130 of its Wagamama sites traded at 85 per cent of [...]
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
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
The Big Table in talks to snap up Chiquito’s and Frankie and Benny’s from TRG September 9, 2023 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 [...]
Wagamama owner The Restaurant Group taps investors for £175m March 10, 2021 The Restaurant Group, which owns Japanese-inspired chain Wagamama, is preparing to tap investors for £175m. The firm said this morning that capital raise will be used as a buffer in case of a resurgence of the Covid-19 pandemic and also allow it to expand its Wagamama brand and pubs business. Restaurant Group said it expects [...]
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 [...]
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 [...]
Wagamama owner The Restaurant Group burns through £5.5m a month during lockdown March 1, 2021 Wagamama owner The Restaurant Group has said it expects to burn through £5.5m a month until lockdown restrictions are lifted. The group announced details of the cash burn rate at Christmas but today said it expected to stay at this level until the end of restrictions, which are due to be lifted no earlier than [...]