{"id":2024,"date":"2023-05-26T18:07:56","date_gmt":"2023-05-26T18:07:56","guid":{"rendered":"https:\/\/latestnews.top\/2023\/05\/26\/frankie-and-bennys-and-chiquito-lead-the-way-in-high-street-restaurant-closures\/"},"modified":"2023-05-26T18:07:56","modified_gmt":"2023-05-26T18:07:56","slug":"frankie-and-bennys-and-chiquito-lead-the-way-in-high-street-restaurant-closures","status":"publish","type":"post","link":"https:\/\/latestnews.top\/frankie-and-bennys-and-chiquito-lead-the-way-in-high-street-restaurant-closures\/","title":{"rendered":"Frankie and Benny’s and Chiquito lead the way in high-street restaurant closures"},"content":{"rendered":"


\n<\/p>\n

\n

Nearly 20 high street restaurants including Frankie and Benny’s and Chiquito are set to close tomorrow<\/h2>\n

By Daniel Fessahaye<\/a> <\/p>\n

Updated:<\/span>

<\/p>\n

<\/p>\n

\n

Frankie and Benny’s and Chiquito restaurants will be among nearly 20 high street venues set to close tomorrow.\u00a0<\/p>\n

The eateries are set to run their usual hours on Saturday before being permanently closed.\u00a0<\/p>\n

Twelve Frankie and Benny’s, four Chiquitos and one\u00a0Firejacks will be among those shutting up shop this weekend.\u00a0<\/p>\n

The closures come after it was revealed that The Restaurant Group (TRG),\u00a0which owns Wagamama, Frankie & Benny’s and Chiquito, would\u00a0close up to 35 sites over the next two years.\u00a0<\/p>\n

Branches which have been making a loss face being shut down as the company looks to cut costs.\u00a0\u00a0<\/p>\n

\n
\n
\"The <\/div>\n

The closures come after earlier this year, The Restaurant Group (TRG) announced it would save them approximately \u00a35 million<\/p>\n<\/div>\n

\n
\n
\"Branches <\/div>\n

Branches of the company which have been making a loss will be shut down as the company looks to cut costs. Pictured: A Chiquito restaurant bar and Mexican grill in Manchester<\/p>\n<\/div>\n

The company has roughly 400 outlets in the UK which employ around 18,000 staff.<\/p>\n

Shares in TRG previously fell to less than a third of their pre-pandemic value as the business was hit by the impact of Covid-19.<\/p>\n

Its pre-tax losses also jumped from \u00a335.2million in 2021 to \u00a386.8million in 2022.<\/p>\n

A Restaurant Group spokesperson told the\u00a0Mirror<\/a>: ‘We announced a review of our leisure estate in March and made the difficult decision to exit some of our Frankie and Benny’s and Chiquito sites.<\/p>\n

‘We are working closely with our impacted teams and will look to redeploy colleagues to neighbouring sites across our wider estate wherever possible.’\u00a0<\/p>\n

\n

RESTAURANT CLOSURES\u00a0<\/h3>\n
\n

Full list of restaurant closures across the UK on Saturday 27 May:<\/span><\/p>\n

\n
\n
\n

\u00a0Frankie and Benny’s<\/span><\/p>\n