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Restaurant Group to expand
The Restaurant Group (TRG) is set for further expansion following strong trading during 2005.
Chair Alan Jackson said the group plans to open 25 to 30 new sites across its four brands – Frankie & Benny’s, Chiquito, Garfunkel’s and Blubeckers – during 2006.
“We have a strong pipeline of new sites and a proven strategy for growth,” he said. “During 2006 we plan to open 10 new Chiquitos, six BluBeckers and up to 20 new Frankie & Benny’s sites.”
The news comes after the group reported pre-tax profits of £29.5m for the year ending 1 January – a 21 per cent increase on the year before. Like for like sales were up 3 per cent.
The only brand to struggle was Garfunkel’s, as bombings in London last July had an adverse effect on trading and the chain experienced a profit shortfall of around £0.9m. Details: www.ccruk.com
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