The Restaurant Group has revealed it will be shutting around 35 of its loss-making casual dining restaurants, which could include chains Frankie & Benny’s and Chiquito, in efforts to boost its earnings.
The group said up to three of the restaurants will be converted to Wagamama while the rest will be sold or the lease will be left to expire.
The restaurants had been directly impacted by cost-of-living pressures dampening consumer demand, the company said.
