TRG: ‘60% of kitchens operational by end of August, 90% by September’

TRG development kitchen 2

The Restaurant Group has confirmed that it will take a phased approach to reopening its restaurants and kitchens, with 90% of sites back online by the end of September.

The company, which owns the Frankie & Benny’s and Wagagmama chains, said its diversified portfolio of restaurants allows each division to adapt to the challenges of social distancing uniquely, whilst keeping the customer at the heart of its decisions.

As a result of recent corporate restructuring it has undertaken, the revised trading portfolio of the group will comprise approximately 400 restaurants and pubs.

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It is planning for 25% of the total estate to be operational by the end of July and 60% by the end of August.

This will rise to 90% by the end of September, with the reopening phasing varying by division.

The remaining 10% of the estate is not expected to open this calendar year, reflecting locations where footfall is anticipated to remain considerably weak, such as some airport locations.

Last week, the company announced that creditors had approved its plans for a CVA of its Leisure division.

Under the proposals, the size of the Leisure business will be reduced to 160 sites, of which approximately 85 will be subject to a reduction in rental costs and revised lease terms.

Chief executive Andy Hornby said: “These are exceptionally challenging times for our sector and TRG is extremely grateful for the support shown by our creditors. The approval of the CVA is a critical component in ensuring the future prospects for our Leisure business.”

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Tags : Frankie & Benny'sThe Restaurant GroupWagamama
Andrew Seymour

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