Owner of Frankie and Benny’s and Chiquitos announces it will close up to 35 more restaurants amid cost-of-living crisis
A huge restaurant chain is to close dozens of its much-loved branches in an effort to regain its lost earnings amid the cost of living crisis.
The Restaurant Group, which owns chains including Wagamama, Frankie & Benny’s and Chiquito, will close up to 35 restaurants over the next two years.
Branches of the company which have been making a loss will be shut down as the company looks to cut costs.
The move follows a run of other closures in the business, The Sun reported.
The restaurants affected in the move will only be Frankie and Benny and Chiquito branches, with at least three of them being turned in to Wagamamas.
More to follow.
The Restaurant Group, which owns chains including Frankie & Benny and Chiquito, will close up to 35 restaurants over the next two years
Around 30 per cent of the two restaurant chain branches will be closed down.
The company has roughly 400 restaurants in the UK which employ around 18,000 staff.
Andy Hornby, TRG’s chief executive, said the firm would try and mitigate job losses but was not specific about how many jobs could be lost.
He said: ‘A significant number of these potential sites are in areas where we have other brands, so the job impact should be significantly less than you might think from the number of sites that we will not be renewing.’
