All The Restaurant Group (TRG) articles
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NewsTRG explores £300m refinancing
The Wagamama owner is seeking to reduce its borrowing costs by locking in lower interest rates, Sky News reports
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NewsIn pictures: Wagamama’s new trend-led menu
Part of the new ‘no one way to wagamama’ campaign, the pan-Asian casual dining operator is looking to position itself as a ‘versatile eating house for every occasion’
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Big Mamma Group, BAO, Inception Group, and more
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NewsThe Restaurant Group delivers double-digit growth across divisions
CEO Any Hornby hailed a “genuinely transformational year for TRG” where Wagamama saw 11% lfl growth, and Brunning & Price pubs and Concessions saw a 10% and 29% uplift respectively in 2023
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Analysis & InsightBrunning & Price named top pub operator
The Restaurant Group’s pub division has topped CGA’s PubTrack rankings and is joined in the top five by St Austell, Hydes Anvil, Youngs, and Everards
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InterviewsJones the Grocer looks forward to ‘healthy future’ in UK market
The Australia-founded all-day dining brand is keen to grow the business in the UK as it launches its first site in Europe in partnership with TRG Concessions, CEO Jon Knight tells MCA
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NewsTRG Concessions: ‘If you don’t change, you don’t evolve’
CEO Jon Knight discusses the division’s evolving menu management strategy, building relationships with franchise partners, and the behaviours of a varied travel hub consumer
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NewsPizza Express decides not to make an offer for TRG
Parent company Wheel Topco has cited market conditions for not proceeding with a bid for TRG
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NewsPizzaExpress owners may make rival bid, TRG says
The Restaurant Group has said it will ‘carefully consider’ a rival bid, which may result in a bidding war between Apollo and PizzaExpress owners Wheel Topco
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Analysis & InsightTRG/PizzaExpress combination offers ‘compelling logic’
MCA asks industry commentators about a potential bid by PizzaExpress owner Wheel Topco for The Restaurant Group, a deal that could not only see cost synergies but combine two of the high street’s biggest brands
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NewsPizza Express makes approach for TRG
The Restaurant Group has confirmed Pizza Express has made a request for information to evaluate a possible rival offer for the company
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NewsInvestor slams The Restaurant Group’s £506m price tag
Activist investor TMR Capital has slammed the price of the buyout deal for The Restaurant Group (TRG), claiming it undervalues the Wagamama-owner by around £100m
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Analysis & InsightTRG/Apollo: ‘It’s rather cheap’
Following a bid for The Restaurant Group to be taken private by US private equity giant Apollo Global Management, MCA hears from analysts and commentators about their verdict on the proposed £506m cash deal
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Analysis & InsightTRG bid an ‘attractive offer’
Analysts said Apollo’s agreement to acquire The Restaurant Group for £506m represents a “fairly full” valuation
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NewsTRG to be taken private in £506m deal
The Restaurant Group has reached an agreement with Apollo Global Management for an all cash acquisition, representing an EBITDA multiple of x9
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Analysis & InsightBig Table takes on ‘substantial risk’ with TRG Leisure estate
Following the payment of a £7.5m ‘dowry’ to take on The Restaurant Group’s Leisure business, MCA explores the challenges facing The Big Table Group as it’s tasked with turning around the loss-making estate
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Analysis & InsightTRG’s leisure disposal ‘removes poison pill’
The Restaurant Group’s offloading of its leisure business was hailed for its “strong strategic rationale”, while the sites “may do better” under The Big Table Group, according to analysts
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InterviewsBig Table to drive ‘strong improvements and synergies’ with Leisure acquisition
The group will find savings in the supply chain, overheads, and culture in its newly acquired business, CEO Alan Morgan tells MCA
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NewsTRG announces sale of Leisure business to Big Table Group
The Big Table Group will take over the division, principally consisting of the Frankie & Benny’s and Chiquito brands, in a deal expected to complete in October - with TRG paying a cash contribution of £7.5m as part of the transaction
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NewsTRG chairman Ken Hanna to step down
Hanna, who will not seek re-election in 2024 due to personal reasons, has become the focus of criticism from activist investors such as Irenic