The Restaurant Group’s share price has jumped as it reveals its turnaround plan after a tough 2016 March 8, 2017 After a challenging 2016, The Restaurant Group (TRG) said it is ready to pursue a new turnaround plan to grow its business. The figures The Frankie & Benny's owner said total like-for-like sales fell 3.9 per cent while revenue increased 3.7 per cent to £710.7m, in line with expectations for the year to 1 January. Adjusted pre-tax profit [...]
Frankie & Benny’s owner The Restaurant Group to concentrate store closures outside of London August 29, 2016 Frankie & Benny's owner The Restaurant Group (TRG) will focus the vast majority of its upcoming restaurant closures outside of London. The FTSE 250-listed firm announced on Friday it is set to close 33 of its most underperforming sites, including 14 Frankie & Benny's branches and 11 Chiquito restaurants after a "challenging trading" period. Just two of [...]
The Restaurant Group reports increased revenue but reduced profit as it lays out issues with Frankie & Benny’s August 26, 2016 The Restaurant Group (TRG) has laid out the reasons behind the poor performance of its biggest brand, Frankie and Benny's, as it reported an uptick in revenue but a dip in profit in the first half of 2016 The figures Revenue grew to £358.7m in the 27 weeks to 3 July, up 3.4 per cent from [...]