The Restaurant Group to close 33 sites after slide in sales
The Restaurant Group is to close 33 underperforming sites following a 3.9% slide in like-for-like sales for the half year to 3 July 2016.
The operator of brands including Frankie and Benny’s and Chiquito changed its chief executive earlier this month and announced a review of its strategy following a period of poor sales.
It has announced a pre-tax loss of £22.5m as a result of the £59.1m cost of the closures and poor performance in other sites for the half year.
