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The Restaurant Group to close 33 sites after slide in sales
26 Aug 2016

The Restaurant Group to close 33 sites after slide in sales

Nic Hotel consultancy

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.

Read the full article here

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