All The Restaurant Group (TRG) articles – Page 4
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InterviewsTRG: We won’t take customers for granted
Following The Restaurant Group’s full year results, CEO Andy Hornby tells MCA how delivery has plateaued at Wagamama, why he’s cautiously optimistic about the revival of concessions, and why the group won’t be hiking prices in line with inflation
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Analysis & InsightAndy Hornby: ‘As an industry, we should still be very worried’
The Restaurant Group’s CEO has warned that VAT and price inflation are masking the true performance of the market
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NewsTRG making ‘good progress’ against strategic objectives
Its Wagamama and Pubs divisions have continued to outperform the market since the year end, with a strong pipeline of openings for both businesses, TRG said in its full year results to 2 January 2022
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NewsTRG revises up its profit forecast
The group’s like-for-like sales for October, November and December show it broadly outperformed the market, and was trading above 2019 levels before Omicron hit
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NewsTRG likely to drop out of FTSE 250
The Restaurant Group is still struggling to regain its pre-pandemic form, according to analyst Hargreaves Lansdown
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Analysis & InsightBrandwatch: Frankie & Benny’s
The story of Italian American restaurant brand has gone through quite a few twists and turns in recent years, but owner The Restaurant Group has been working to pull it firmly into the 21st century.
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NewsTRG increases forecasts
The revision comes off the back of “market outperformance” in like-for-like sales in recent months at Wagamama, and its pubs and leisure businesses
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NewsNew chairman for The Restaurant Group
The Restaurant Group has announced Ken Hanna will join the board, beginning his role as chairman on 1 January 2022.
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NewsFrankie & Benny’s rebrands
The Italian American restaurant brand from The Restaurant Group has rebranded its Basildon branch to Frankie’s, the first of three major refurbishments this year
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Analysis & InsightIncreasing labour costs leave TRG ‘highly exposed’
The Restaurant Group’s (TRG) high labour cost to sales ratio, and lack of energy cost hedging, has contributed to analyst Peel Hunt cutting its target price by 30p per share.
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InterviewsAndy Hornby: ‘Make sure your supply forecasting is nailed on’
In the second part of an interview with MCA, Andy Hornby, chief executive of The Restaurant Group, discusses the importance of accurate supply forecasting and simplifying menus as a way of controlling menu price inflation. He also discusses pub estate expansion, as well as current and future prospects for trading.
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Analysis & InsightCost increases could cloud TRG’s future performance
There was a generally positive reaction from analysts to The Restaurant Group’s recent first half trading update, which included the 15-week period following the reopening of indoor dining, although longer-term questions remain.
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NewsAndy Hornby: “There is a long-term structural shift around delivery”
Following The Restaurant Group’s first-half results announcement MCA caught up with Andy Hornby, chief executive, to discuss recent trading.
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NewsWagamama achieves +21% like-for-like growth
The Restaurant Group has reported strong like-for-like sales since the reopening of indoor trading. But dine-in covers remain below 2019 equivalents, with much of the growth coming via delivery. During the 15 weeks to 29 August 2021, its Wagamama brand achieved +21% like-for-like growth versus its 2019 ...
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NewsTRG chair to step down
The Restaurant Group has announced that chairman Debbie Hewitt MBE will be stepping down from the board from 31 December 2021.
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InterviewsTRG’s Andy Hornby: ‘Everyone understood the world had changed’
When the pandemic took hold in March last year, it was obvious to The Restaurant Group’s (TRG) chief executive Andy Hornby that “all bets were off” – tough decisions had to be made.
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NewsAndy Hornby: TRG ‘seriously expanding’ Brunning & Price
The Restaurant Group (TRG) plans to near double the number of Brunning & Price pubs following its £175m recapitalisation, chief executive Andy Hornby has told MCA.
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InterviewsTRG’s Andy Hornby: We will open fewer Wagamamas in city centres
The impact of the pandemic has not dampened The Restaurant Group’s (TRG) ambition to continue to expand the footprint of its Wagamama brand – but it has changed where those restaurants will be located, chief executive Andy Hornby has told MCA.
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NewsRestaurant Group sees ‘very encouraging recovery’ in sales
The Restaurant Group (TRG) saw a “very encouraging recovery in sales” in the five weeks to 16 May, following the opening up of venues for outdoor dining.
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EventsRetailer’s Retailer Awards 2021 winners
The best of the best in the hospitality industry were recognised at MCA’s 2021 Retailer’s Retailer Awards, which were broadcast live on 11 March.