All the updated news related to the restaurant group

All the news related to the restaurant group updated in real time

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City

The owner of restaurant chain Wagamama said sales saw a strong return last year following the ending of lockdown restrictions. However, The Restaurant Group (TRG) added it continued to trade at a loss of £32.9 million, although this was a vast ...

16 Mar 2022 at 08:55

City

2,000 jobs at risk as Sainsbury’s axes 200 in-store cafes

Sainsbury’s has said it will shut 200 cafes in a shake-up of its in-store dining which is set to hit around 2,000 workers. The supermarket said it will also be consulting staff about plans to close less popular hot food counters in 34 stores ...

01 Mar 2022 at 15:25

City

Falling gas prices and retail boost drives European markets higher

European markets made strong gains on Monday as they were boosted by easing gas prices and buoyant retail stocks. In London, retailers including Tesco and Sainsbury’s have continued their strong rebound after the Government confirmed plans ...

12 Sept 2022 at 18:41

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 ...

02 May 2023 at 12:22

City

The Restaurant Group to shut 35 restaurants as losses widen

The Restaurant Group (TRG) has revealed it will be shutting around 35 of its loss-making casual dining restaurants, which could include chains Frankie & Benny’s and Chiquito, in efforts to boost its earnings. The group, which owns ...

08 Mar 2023 at 08:14

City

Frankie & Benny’s owner warns over jobs as 35 loss-making sites to shut

Frankie & Benny’s and Chiquito owner The Restaurant Group (TRG) has cautioned over job losses after revealing plans to shut around 35 of its loss-making casual dining locations in efforts to boost earnings. The group, which also ...

08 Mar 2023 at 11:13

City

The Restaurant Group to outline growth strategy amid activist pressure

Wagamama owner The Restaurant Group (TRG) will seek to quell pressure from activist investors next week amid a key period in the group’s recovery following the pandemic. The London-listed firm, which runs around 460 restaurants,...

03 Mar 2023 at 13:39

City

Wagamama owner lifts outlook as it sees cost pressures improving in medium term

The company behind Wagamama has said costs are increasing in line with expectations and will start to improve in the medium term, as it upped its outlook for the year. The Restaurant Group, which also owns Frankie & Benny’s, ...

06 Sept 2023 at 10:08

City

Wagamama owner posts sales jump despite pressure on consumer spending

Wagamama owner The Restaurant Group (TRG) has shrugged off the consumer cost-of-living crunch to reveal “very encouraging” trading so far this year. The hospitality business saw shares jump higher in early trading after it ...

19 Jul 2023 at 12:03

City

Activist Oasis puts pressure on Wagamama owner for reforms

Wagamama owner The Restaurant Group has shown “little hope for the future” and is in need of a strategy overhaul, an activist shareholder has urged. Oasis Management, a hedge fund which holds a 6.5% stake in the company, ...

16 Feb 2023 at 14:47

City

Chairman of Wagamama owner to step down after months of activist pressure

The chairman of Wagamama owner The Restaurant Group (TRG) has announced plans to step down after facing months of pressure from activist investors to overhaul its strategy and leadership. Ken Hanna said he would not be ...

08 Sept 2023 at 11:22

City

Pizza Express pulls out of running to buy Wagamama owner

Pizza Express’s owner has pulled out of the takeover battle to buy Wagamama owner The Restaurant Group (TRG). Wheel Topco, which owns the pizza chain, said last month that it was mulling over a potential offer for TRG....

07 Nov 2023 at 08:50

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