Pub openings boost TRG sales
Like-for-like sales increased by 2.8% for the 19-week period ending 12 May 2019, the group announced in a trading update.
Its pub business consistently traded ahead of the pub-restaurant sector, according to the group’s chairman Debbie Hewitt.
A record number of 21 new pub sites – including venues for its family pub brand Brunning & Price – were opened in 2018. The group also acquired Asian restaurant chain Wagamama.
TRG purchased Brunning & Price for £32m in 2007 when it had 14 sites in its portfolio.
The pubco initially focused on sites in the north-west of England and north Wales but now has sites across the country.
Gastropub operator Food & Fuel was also sold to the group for £15.4m in August 2018.
Food-led offer
Growing its pub business would continue to be a key priority, the group said in its final report at the end of 2018.
It stated: “Our pubs business is well positioned in the market with a premium, differentiated food-led offer that is increasingly outperforming the pub-restaurant sector.
“The business benefits from operating and often owning differentiated assets and delivering an exceptional experience.
“There continues to be opportunities to expand this business and we have a healthy organic pipeline in place.”
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