Pizza Express owner Wheel Topco has made a rival bid approach to Restaurant Group (LON: RTN), which has previously agreed a 65p/share bid from US private equity firm Apollo Global Management. This valued the Wagamama owner at £506m or £701m including debt. Restaurant Group says that it will provide due diligence information to Wheel Topco. […]

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Restaurant Group (LON: RTN) has agreed a 65p/share bid from US private equity firm Apollo Global Management. This values the Wagamama owner at £506m or £701m including debt. The share price jumped 37.6% to 66.55p. Management says that the current economic uncertainty makes the certain value provided by the bid an attractive prospect. The bid […]

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The Restaurant Group’s trade was severely disrupted by lockdowns earlier in the year The Restaurant Group has reported underwhelming results for H1, recording a statutory pre-tax loss of £58.8m. The owner of Wagamama saw its sales fall by 4.5% to £216.8m when compared to the same time period in 2020. The Restaurant Group saw a […]

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Shares in the Restaurant Group PLC (LON:RTN) have crashed on Wednesday, as the firm noted that it would be suspending dividends. On Wednesday morning, the Restaurant Group released their annual results – and shareholders have not reacted so optimistically. Shares in the firm trade at 109p (-6.55%). 26/2/20 10:59BST. The Restaurant Group, who own a […]

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