The Restaurant Group plc
RTN.L
London Stock Exchange64.80
GBp
+0.10
- -
The Restaurant Group plc
RTN.L
(London Stock Exchange)
Recent
price
64.80
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- The Restaurant Group Ltd (RTN.L) operates a portfolio of restaurants, pub restaurants, and concessions primarily in the United Kingdom. Its principal trading brands include Wagamama, offering Asian-inspired noodle and ramen dishes; Barburrito, specializing in Mexican fast-casual burritos and tacos; Brunning & Price, featuring premium pub restaurants with craft beers and seasonal menus; and TRG Concessions, providing table service, counter options, sandwich shops, pubs, and bars mainly at UK airports. The company also manages Wagamama international franchise operations across Europe and the Middle East, alongside select US locations. Founded in 1954 and headquartered in London, United Kingdom, the company focuses on casual dining, value-for-money eateries, and travel-hub concessions, serving diverse customer segments from families and travelers to urban diners. In late 2023, Apollo Funds acquired the company through Rock BidCo Ltd in a £506 million all-cash deal, taking it private to support strategic growth, debt reduction, and portfolio optimization, including accelerated Wagamama and pub site expansions targeting adjusted EBITDA margin expansion and net debt/EBITDA below 1.5x by fiscal 2025. Recent operational developments include full control of US Wagamama sites via acquisition of the majority investor's stake; five new international Wagamama franchise openings in 2024; airport concessions growth such as Jones the Grocer debut at Heathrow T2, Giraffe expansions at Heathrow T5 and Manchester T2, and Hudson Bar & Grill transformations; and a pipeline of six new Wagamama sites in 2025, including Dublin and Belfast. In 2024-2025, the company underwent refinancing and reorganization of its debt facilities, alongside divestment of its legacy leisure division (including Frankie & Benny's and Chiquito) to Big Table Group, sharpening focus on high-performing brands like Wagamama and Brunning & Price.