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Evening Standard

Business

Daniel O'Boyle

The Restaurant Group to pay £7.5 million to offload struggling Frankie & Benny’s and Chiquito chains

Chiquito The Restaurant Group Cafe Rouge TRG Wagamama

Shares in The Restaurant Group (TRG) surged today as the business confirmed it would offload the struggling Frankie & Benny’s and Chiquito chains to the owner of Cafe Rouge.

TRG will pay Big Table Group — which owns Bella Italia, Cafe Rouge, Las Iguanas, Banana Tree and Amalfi — £7.5 million to take 75 restaurants off its hands.

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