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Around 100 of the Restaurant Group sites to close with up to 3,000 job losses

04 June 2020 by
Around 100 of the Restaurant Group sites to close with up to 3,000 job losses

The Restaurant Group (TRG) will not reopen 100-120 sites following lockdown, with job losses of 2,000-3,000 expected.

The majority of sites affected are understood to be operating under the group's Frankie & Benny's brand, as well as Garfunkel's.

In an email to staff seen by the BBC , TRG said many sites are "no longer viable to trade and will remain closed permanently".

TRG filed notice to put Chiquito into administration in March, a move that will permanently close the majority of the 81 Tex-Mex brand's sites.

The Restaurant Group had already announced last year that it would close more than 150 outlets, including Chiquito and Frankie & Benny's sites, as part of a restructure over the next six years, following its acquisition of Wagamama for £559m.

The group raised £57m through a share placing in April aimed to provide the company with "sufficient" liquidity to continue to operate through the coronavirus crisis. However, it issued a "pessimistic scenario for the current financial year" at the time, with the possibility that only 400 of its 600 sites will reopen.

‘Large number' of the Restaurant Group sites won't reopen >>

Wagamama owner raises £57m in share places but warns some sites may not reopen >>

'It's adios for now' – Chiquito to close majority of sites as group files for administration >>

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