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The Restaurant Group called time on its lossmaking leisure division yesterday, announcing a deal under which it is paying the Big Table Group £7.5 million to take the business off its hands.Big Table, the operator of brands such as Las Iguanas, Banana Tree and Café Rouge, is acquiring 75 restaurants
TRG said it will pay £7.5 million in cash to Big Table, which owns Cafe Rouge, Las Iguanas and Bella Italia, for it to buy the loss-making business.
The Restaurant Group PLC (LSE:RTN) (TRG) jumped 6.6% to 50.60p after it paid Big Table Group £7.5 million to take its loss-making leisure business off its...
The Restaurant Group was in the news — again — this morning with the announcement that it had agreed to sell what is left of its loss-making leisure division to
TRG said it will pay £7.5 million in cash to Big Table, which owns Cafe Rouge, Las Iguanas and Bella Italia, for it to buy the loss-making business.