Wagamama, Frankie & Benny's and Chiquito owners in The Restaurant Group (TRG) have announced that a further 23 stores will close by the end of May, as the company endeavours to rapidly cut costs.
Shares in TRG surged this morning, after the brand hailed 'good progress' on recent cost-cutting endeavours - with the company announcing back in March that 35 loss-making restaurants would be culled to boost profits across the board.
In their latest trading update, TRG revealed that they expect to save in the region of £5m a year through their moves to slash costs.
