Why does no one want to buy Costa Coffee? Business The coffee’s gone cold and the milk has soured for the once dominant high street staple Costa, as owner Coca-Cola struggles to find a buyer to take the chain off its hands. The US beverage giant suspended talks with remaining bidders earlier this week, blaming the decision on low offers, bringing the months-long auction process [...]
Pizza Express chewing over bid for Wagamama owner – but it’s already under offer a slice of drama Pizza Express is contemplating serving up a surprise bid for The Restaurant Group (TRG), but no formal offer has yet been made, it is understood. The British mock-Italian chain has apparently made initial contact with TRG in a step that could lead to a formal bid being made, according to reports late on Wednesday night [...]
Wagamama latest to go private in £700m Apollo deal RETAIL 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
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.
Pizza Express and Wagamama show signs of recovery after private equity and pandemic struggles August 7, 2023 Wagamama, Dominos and Pizza Express are among a cluster of top restaurants in the UK which have seen their profits increase in the last six months, new research shows, as the market slowly shows signs of recovery. The combined profit of the top 100 restaurants in the UK rose from £19.9m in September 2022 to [...]
Wagamama owner TRG dines out on cost savings as closure programme continues July 19, 2023 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 [...]
Tortilla Mexican Grill: Revenues surge by over a fifth after expansion July 17, 2023 Tortilla Mexican Grill raked in revenues of £32.7m during the first leg of the year, up 22 per cent compared to the same period last year, off the back of a string of new site openings. The fast-casual restaurant chain was bolstered by new openings and growing demand, saying like for like revenue also grew [...]
Wagamama owner waves goodbye to CFO as part of top team shake up June 21, 2023 Wagamama’s owner The Restaurant Group (TRG) is waving goodbye to its chief financial officer, Kirk Davis, as part of a shake up of its top team. The hospitality group, which also owns high street eateries such as Frankie & Bennys, said that Davis will step down after the publication of its interim results in September [...]
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 [...]