Pizza Express decides it doesn’t want a slice of Wagamama owner The Restaurant Group A slice of the action This comes after Pizza Express said last month, it was contemplating serving up a surprise bid for The Restaurant Group (TRG), but no formal offer.
TRG: Wagamama owner on hunt for new chair after months of shareholder haggling Hospitality The Restaurant Group (TRG) are hunting for a new chairman after current one Ken Hanna has told the company he will not be standing for re-election at the next AGM in 2024. Shares rose five per cent on Friday morning after Hanna, who has been at TRG since the start of 2022, said he is [...]
Wagamama owner waves goodbye to CFO as part of top team shake up The Restaurant Group 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: 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 agrees £340m debt terms with lender December 22, 2022 The Restaurant Group has announced an amendment and extension of its debt facilities, with a revised £340m package. On Thursday, the owner of the Wagamama and Frankie & Benny’s brands said the new deal comprised of a £220m term loan facility and a £120m revolving credit facility with its existing lenders. The new terms represented [...]
Wagamama owner enjoys sales rebound but warns of ‘uncertain’ consumer environment September 8, 2022 The owner of the Wagamama restaurant group has seen sales surge in its half-year results, as an “uncertain consumer environment” looms. The Restaurant Group said total sales hit £423.4m in the 26-week period to 3 July, versus £216.8m in 2021. Diners returned to the group’s restaurants and pubs after the easing of Covid restrictions, with [...]
Next and Frankie & Benny’s bosses under fire for hefty pay packets May 16, 2022 Frankie & Benny’s and Next bosses are under fire for hefty bonuses after both companies received government support during coronavirus measures. Next chief Simon Wolfson took home almost £4.4m last year, up 50 per cent on the year before, including an annual bonus worth 100 per cent of his basic salary. Meanwhile, Andy Hornby, chief [...]
Wagamama owner hikes full-year estimates after sales surge November 16, 2021 Wagamama’s owner has upgraded its estimates for the financial year, forecasting adjusted EBITDA of up to £79m. In a trading update published on Tuesday morning, The Restaurant Group said its venues had traded well with like-for-like sales outperforming the market. There had been strong sales across the Wagamama brand, as well as its pubs and [...]
Former Cadbury chief to head Wagamama’s owner Restaurant Group October 27, 2021 Cadbury’s former chief financial officer Ken Hanna is reportedly set to become the next chairman of Restaurant Group, which owns several chains including Wagamama, Frankie & Benny’s and Chiquito. A stock market announcement is expected to be made on Thursday, Sky News reported, a day after hospitality companies learnt they will be given a 50 [...]
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 [...]