All the updated news related to hostmore

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City

The Restaurant Group cheers ‘encouraging’ sales as it speeds up closure plan

Wagamama owner The Restaurant Group (TRG) cheered “very encouraging” trading as it revealed plans to speed up its closure programme. Shares in the company, which also owns the Frankie & Benny’s brand, jumped on Tuesday morning after it hailed “good ...

02 May 2023 at 12:22

City

Hostmore shares tank after US TGI Fridays takeover falls through

Hostmore has said it has dropped plans to buy TGI Fridays in the US for £177 million, leading its shares to tank by more than 90%. The deal was set to see Hostmore, which runs 87 restaurants in the UK, merge with US-based TGI Fridays Inc, to ...

09 Sept 2024 at 10:07

City

Shares in Fridays owner Hostmore tumble as chief resigns

The chief executive of Fridays owner Hostmore has resigned amid muted sales growth at the hospitality firm. Shares in the company plunged after Robert B Cook stepped down from his role as chief with immediate effect. Julie McEwan, who is ...

10 Jan 2023 at 14:01

City

Fridays owner posts festive sales boost despite cost-of-living crisis

Christmas bookings jumped at restaurant chain Fridays as families shrugged off pressure from the cost-of-living crisis. Hostmore, the parent group of the chain, said it saw “an improvement” in trading over the latter half of 2023 after ...

16 Jan 2024 at 13:45

City

TGI Fridays operator Hostmore narrows losses after cost-cutting

TGI Fridays operator Hostmore has narrowed its losses for the past year as it pushed forward with its turnaround strategy. The UK hospitality company reported lower revenues in the face of the challenging backdrop for hospitality ...

03 May 2024 at 11:08

City

TGI Fridays operator falls into administration as it scrambles to sell chain

The UK operator of TGI Fridays has gone into administration as the hospitality firm scrambles to sell its chain of 87 restaurants across the country. Hostmore said it had appointed joint administrators from Teneo. The company is ...

18 Sept 2024 at 14:40

City

‘Game over’ for TGI Fridays’ UK owner Hostmore as shares plummet 90%

TGI Fridays’ UK owner Hostmore is set to be wound down in a move that could wipe out its shareholders, after revealing it had dropped plans to buy the US restaurant chain for £177 million. Shares in the London-listed company ...

09 Sept 2024 at 11:37

City

Fridays owner Hostmore warns over profits as costs rocket

Fridays owner Hostmore has warned that soaring costs and weaker customer demand will pull down profit margins for the year. Shares in the company, which only floated on the stock market in November, plummeted as a result. ...

26 May 2022 at 10:34

City

TGI Fridays owner Hostmore scraps second cocktail bar brand after three years

TGI Fridays owner Hostmore said its sales have waned this year, as the hospitality group confirmed the closure of its second cocktail bar and restaurant brand just three years after launch. The UK firm said the remaining ...

03 Jun 2024 at 12:45

City

TGI Fridays owner delays restaurant openings in cost-cutting drive

The owner of restaurant chain TGI Fridays has revealed a drop in earnings as it delays new restaurant openings to 2025 in a bid to save more money. But Hostmore said it was already benefiting from inflation of food, ...

29 Sept 2023 at 11:37

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