Restaurant Group photograph

Restaurant Group

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Stock price RTN
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HeadquartersLondon
United Kingdom
Ceo Andy McCue
Revenue686 million GBP (2018)
Net income6. 9 million GBP (2018)
Founded1987
Subsidiaries Frankie & Benny's
Chiquito
Date of Reg.
Date of Upd.
ID2166896
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About Restaurant Group


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.

Rick Stein defends £2 chip shop condiments charge

Rick Stein defends £2 chip shop condiments charge
Sep 13,2023 10:51 am

... Rick Stein s Restaurant Group, which owns a number of businesses in Cornwall and across the UK, charges £2 for condiments and dips in its Padstow chip shop to sit in...

Sainsbury's to close 200 cafes putting 2,000 jobs at risk

Sainsbury's to close 200 cafes putting 2,000 jobs at risk
Mar 2,2022 1:16 am

... It is currently working in partnership with the Boparan Restaurant Group on the project...

UK retail sales fall in December amid Omicron spread

UK retail sales fall in December amid Omicron spread
Jan 21,2022 12:57 pm

... On Friday, The Restaurant Group, whose operations include Wagamama, Frankie & Benny s, and food kiosks, said that despite the lifting of Plan B restrictions " consumer confidence may take longer to recover"...

The robot chefs that can cook your Christmas dinner

The robot chefs that can cook your Christmas dinner
Dec 20,2021 3:50 am

... " One Restaurant Group that already uses a robot for all its cooking is French pizza mini-chain Pazzi...

Inflation: Food price rises are 'terrifying', warns industry

Inflation: Food price rises are 'terrifying', warns industry
Oct 19,2021 6:42 pm

... " I expect further inflation in January Des Gunewardena, chief executive of high-end Restaurant Group D& D London, says his business has seen half of its costs rise, including surging energy prices...

Coronavirus: Restaurant bosses in plea to PM for help

Coronavirus: Restaurant bosses in plea to PM for help
Jun 16,2020 3:21 am

... Last week, the owner of Frankie and Benny s Restaurant Group, became the latest big name, the restructuring, the announcement that the 3,000 job cuts and 125 caps...

Coronavirus: evening update PM more lock announces and economists voice-fear of recession

Coronavirus: evening update PM more lock announces and economists voice-fear of recession
Jun 10,2020 8:12 pm

... The Restaurant Group, which owns the Frankie and Benny s chain, as well as a Retailer Monsoon Accessorize and Quiz announced-major, structured with job losses out of a total of 3,600...

Frankie and Benny's owner to cut up to 3,000 jobs

Frankie and Benny's owner to cut up to 3,000 jobs
Jun 10,2020 10:59 am

...The Corona-Virus pandemic has claimed a further 3,000 UK jobs after the Restaurant Group confirmed plans to shut down 125 of its stores...

Frankie and Benny's owner to cut up to 3,000 jobs

Jun 3,2020 8:03 pm

The Corona-Virus pandemic has claimed a further 3,000 UK jobs after the Restaurant Group confirmed plans to shut down 125 of its stores.

The Company said The Axe would fall mainly on its Frankie and Benny's restaurants, but other chains such as Garfunkel's and Chiquito is also affected.

Meanwhile, fashion chain, Quiz, has announced its stores in administration, putting jobs At Risk .

He Said his loss-making shops were currently "financially feasible".

"Very difficult" conditions

The Restaurant Group , is restructuring part of its business, an insolvency procedure known as a company voluntary arrangement (CVA).

as well as the closures of some of its Restaurants, The Company said it would try to negotiate the rent and terms on a further 85 sites.

The Restaurant Group 's chief executive, Andy Hornby , said: "The proposed regulation relating to the CVA provides a correspondingly large plot of land for our leisure business to ensure We Are well positioned, despite the very difficult market conditions due to the casual dining area. "

The Restaurant Group is also part of the Wagamama restaurant chain, but this will not be the restructuring affected.

"Quiz" said that it would return to its 82 branches in the UK and Ireland in the management before you buy so you can negotiate better lease terms with your landlord.

He Said some of 822 employees from a total of 915, the transfer to the new company would.

"Quiz' s chief executive, Tarak Ramzan, The Company said the shops were already challenges in front of the Corona-Virus outbreak, as less people shopping in the store.

However, He Said that "the significant economic uncertainty that we face now, as consumers and businesses resulting from the COVID-means 19 pandemic" that The Group had to be restructured.

The Corona-Virus outbreak and the subsequent blocking of thousands of Jobs has prompted across the British economy.

On Tuesday, Debenhams, said another 300 jobs would go, and in the last few weeks, Rolls-Royce, British Airways , EasyJet and the dealership spectators have announced extensive Cuts .



retailing, coronavirus pandemic, restaurant group, companies, food industry, company voluntary arrangement

Source of news: bbc.com

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