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Investor appetite for bars and restaurants shows no sign of waning
If there were any doubts that private equity firms were reluctant to invest in the restaurant sector then 2014 banished those in spectacular fashion. BDO’s winter Bar & Restaurant Report provides a...
View ArticleTRG ramps up kitchen programme
The Restaurant Group Plc has kept its operations teams busy by delivering an increase in new site launches every year since 2009. This year is set to be no different, with the group revealing that its...
View ArticleKitchen projects galore as TRG strengthens restaurant pipeline
The parent company behind brands such as Frankie & Benny’s and Garfunkel’s has confirmed it is on track with plans to open up to as many as 50 new sites by the end of this year. The Restaurant...
View Article‘Rejuvenated’ Chiquito targets 8 to 10 store openings
Chiquito, the Mexican grill and restaurant chain, is ramping up its market presence by opening between eight and 10 new sites this year, its parent company said. The Restaurant Group (TRG), which owns...
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The Restaurant Group gets ready to roll with more kitchens
With its balance sheet in good shape and sales and profits on the rise, The Restaurant Group is well-placed to increase the pace at which it rolls out new restaurants and kitchens. FEJ explores the...
View ArticleTRG boosted by strong balance sheet and opening pipeline
The Restaurant Group today gave the market reason to cheer after announcing its sales have grown in the second half of 2015. The group, which owns a number of chains including Frankie & Benny’s,...
View ArticleEx-Spirit Pub boss to advise The Restaurant Group
The Restaurant Group (TRG) has announced the appointment of Mike Tye as a non-executive director and chairman of the remuneration committee and said he will join the board on 4 April 2016. Tye has...
View ArticleTRG rubber stamps strategy review as trading conditions bite
The Restaurant Group has begun a comprehensive review of its current operating strategy after admitting it has seen a “further deterioration” in trading conditions over the past two months. In a...
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86% of Chiquito menu now made on-site
Chiquito has described the significance of harnessing the right kitchen set-up to its business following a major menu change and an ongoing emphasis on freshly-made TexMex food. More than 128,000...
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Frankie & Benny’s brings in Italian ovens to expand pizza business
American Italian dining chain Frankie & Benny’s is aiming to expand its offering with a major investment in stone baked pizza equipment. Although the chain has always featured pizza on its menu,...
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Industry Q&A: David Peevers, head of food development, The Restaurant Group
With a portfolio of 500 stores, annual sales of nearly £700m and a new outlet opening almost every week, The Restaurant Group — owner of Frankie & Benny’s, Chiquito and Coast to Coast — is one of...
View ArticleBoard boost for TRG as it flies in ex-airlines man to run the books
The Restaurant Group has filled a missing piece of its boardroom jigsaw by bringing in Barry Nightingale as its new CFO. The company has been without a finance chief since earlier this year when...
View ArticleTime runs out for The Restaurant Group CEO as Board moves to replace him
Danny Breithaupt, CEO of The Restaurant Group for the past two years, has been ousted by the Board of the company with immediate effect. The company said in a statement that it has completed the...
View ArticleWorst-performing Restaurant Group sites to be sold or closed
The Restaurant Group has put 33 of its worst performing sites up for sale or potential closure after its leisure-focused dining business encountered a difficult first half of the year. The 500-unit...
View ArticleEDITOR’S VIEW: Savvy operators know they’ve got to close old doors to open...
For most multi-site operators in the foodservice business, the opening of new stores has always been held up as a measurement of success. It’s one of the reasons why the number of restaurant launches...
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Simon Xavier, Executive Chef, Leisure Divison, The Restaurant Group (TRG)
As the man who oversees menu development, kitchen design and kitchen operations within the leisure division of The Restaurant Group, Simon Xavier quite literally has his hands full. He spent the first...
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‘Smart maintenance’ package keeps casual dining kitchens on point
Casual dining chains can significantly boost their bottom line due to a new smart maintenance programme developed by one of the country’s top commercial kitchen specialists. The Advance Group ‘smart...
View ArticlePrivate equity cash still available to bankroll kitchen schemes
Innovative foodservice brands that can differentiate themselves will still attract “healthy valuations” from potential private equity buyers despite challenging market conditions, a leading business...
View ArticleThe Restaurant Group takes action after suffering annual loss
The Restaurant Group is preparing for a “transitional” year ahead as it revealed this morning that like-for-like sales fell 4% to £710.7m. The company, which runs nearly 500 restaurants, said it was...
View ArticleCoast to Coast suspends new kitchen roll-outs
The Restaurant Group has put a halt on new roll-outs – and by definition the kitchens that go with it – of further Coast to Coast sites. The company said the American-themed restaurant and bar business...
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