It cited the Covid outbreak as having had "an immediate and significant impact on trading". However, the group had already announced in February , prior to the introduction of lockdown measures, that it would speed up existing plans to close restaurants. Initially it had planned to make closures - which were first signalled in - over a six-year period. It then said it would close 90 restaurants by the end of The group had already seen sales falling across many outlets.
That came despite stronger revenues across the wider group in its Wagamamas and pub units. Many casual dining chains had already been struggling in the face of rising overheads and falling consumer spending. But those in the hospitality sector have seen their problems worsen due to the coronavirus pandemic, as customers have been forced to stay at home amid lockdown. They will only be seen by the Guardian. The closures come amid a years-long shake-out in the casual-dining sector, which has been hit by rising costs and competition, as well as the rise of takeaway services such as Deliveroo.
The pandemic has increased the pressure on already struggling chains. The group is in talks with a number of potential buyers. This article is more than 1 year old. Share your stories If you have been affected or have any information, we'd like to hear from you.
Share your experiences here. Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics. Basic Account. The ideal entry-level account for individual users. Corporate solution including all features. The most important statistics. Further related statistics. Biggest 'other' food chains in Poland Casual dining restaurants in India by number of outlets Latin America: sit-down service establishments for out-of-home diners Distribution of alcohol sold in casual restaurants in the U.
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Learn more about how Statista can support your business. Restaurant Group. March 10, In Statista. Wagamama, the Asian cuisine restaurant chain, remains one of the profitable brands owned by TRG and is unaffected by the ongoing restructuring. Alongside its annual results in February, the company said it planned to convert 12 sites into a Wagamama restaurant in the current year - building on its growing contribution to group sales. The company says it will continue to look at options to convert its restaurants to Wagamama where appropriate.
According to The Restaurant Group, of its restaurants had been identified as underperforming, on unfavourable lease terms, or not expected to generate a profit in the future. Watch Live.
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