Frankie & Benny’s and Chiquito owner The Restaurant Group (TRG) has cautioned over job losses after revealing plans to shut around 35 of its loss-making casual dining locations.
The group, which also owns pan-Asian chain Wagamama, said the closures would help it shore up cash after reporting widening losses over 2022. TRG said it was unable to confirm whether any of its restaurants in Greater Manchester were among those earmarked for closure.
Andy Hornby, TRG’s chief executive, said the move forms part of a “robust plan” to improve the group’s margins over the next three years.
