Wagamama owner The Restaurant Group has seen half-year losses nearly triple during the pandemic, but said trading has been ‘very encouraging” since sites reopened (PA)Frankie & Benny’s and Wagamama owner The Restaurant Group has seen half-year losses nearly triple during the pandemic, but said trading has been “very encouraging” since sites reopened. It booked a £132.4 million charge for restructuring costs, having shut nearly 250 of its 653 sites and concessions. TRG said it continues to be cautious over the outlook given the “ongoing impact of pandemic and Government-imposed restrictions”. The group said his share bonus will only pay out in three years’ time, with half of the award subject to performance conditions. “After so many restaurant closures and redundancies, this is a very sensitive time for brands like Wagamama, Chiquitos and Frankie & Benny’s to get embroiled in a pay row.”PA Media

Source: Irish Independent October 06, 2020 07:34 UTC