Restaurant Group

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The Restaurant Group plc
Public
Traded asLSERTN
IndustryRestaurant
Founded1987
HeadquartersLondon, England
Key people
Debbie Hewitt (Chairman)
Andy McCue (CEO)
Revenue£686.0 million (2018)[1]
£55.4 million (2018)[1]
£6.9 million (2018)[1]
Websitewww.trgplc.com

The Restaurant Group plc is a British chain of restaurants and public houses. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was founded by Matthew Brown from Chatteris in 1987 as City Centre Restaurants plc with the objective of owning and managing the Garfunkel's Restaurant chain.[2] In the late 1980s the company bought the Mexican foodchain Chi Chi's and renamed it Chiquito.[2] Then in 1995 it opened its first Frankie & Benny's in Leicester.[2]

In January 2004 the company changed its name to the Restaurant Group plc.[3] In February 2004 it made an unsuccessful bid for Ask Central plc,[4] and in 2006 it bought back the Deep Pan Pizza chain, which it had previously sold to the management.[5] In 2016, the company announced it was closing 33 restaurants due to falling sales and profits.[6]

In 2018, Restaurant Group purchased noodle chain Wagamama for £559m, to diversify its portfolio.[7]

Operations[edit]

Frankie and Benny's at Spytty Business Park outside Newport

The company operates around 350 restaurants and public houses under the several brands, including:[8]

See also[edit]

References[edit]

  1. ^ a b c "Annual Results 2018". Restaurant Group. Retrieved 1 April 2019.
  2. ^ a b c "Catering & Hospitality News". Caterer Search. Retrieved 3 April 2015.
  3. ^ "FE Investegate -CityCentreRestaurant Announcements - CityCentreRestaurant: Result of EGM & Name Change". investegate.co.uk. Retrieved 3 April 2015.
  4. ^ "PizzaExpress trumps Restaurant Group with £225m offer for Ask". The Caterer. 13 February 2004. Retrieved 23 April 2017.
  5. ^ "TRG buys back Deep Pan Pizza". www.pizzamarketplace.com. Archived from the original on 7 October 2012. Retrieved 3 April 2015.
  6. ^ Kollewe, Julia. "Frankie & Benny's owner closes 33 restaurants". The Guardian. Retrieved 26 August 2016.
  7. ^ "Wagamama noodle chain sold to Frankie & Benny owner". The Guardian. Retrieved 30 October 2018.
  8. ^ "Pub Restaurants". trgplc.com. Retrieved 3 April 2015.

External links[edit]