The Restaurant Group PLC

The Restaurant Group PLC

The Restaurant Group PLC has its origins as a UK-listed company founded in the late 20th century but was taken private by Apollo Global Management in September 2023 (per Apollo Global Management, September 2023). The Apollo-led acquisition valued TRG at approximately £506 million, delisting the firm from the London Stock Exchange and restructuring it as a portfolio company within Apollo's consumer and retail vertical. The group's strategy focuses on operating a diversified estate of casual dining brands—including Frankie & Benny's, Chiquito, Coast to Coast, and Brunning & Price pubs—across roughly 400 sites primarily in the United Kingdom. The business generates revenue from food and beverage sales across its trading estate, supplemented by takeaway and delivery channels. Under Apollo's ownership, the company has divested non-core assets, including the sale of its Wagamama division in 2024 (per Reuters, 2024). Total assets or deployment figures post-take-private are not publicly disclosed. Employees number approximately 30,000 across its UK operations (per public filings). The firm maintains additional offices in Mountain View and San Francisco tied to Apollo's presence. There are no known philanthropic structures or operating vehicles separate from the parent company. TRG's structural differentiator is its status as a former FTSE-listed company now wholly owned by Apollo Global Management — a shift from public to private ownership that has enabled a restructuring agenda focused on estate optimization and debt reduction. This makes it distinct from family-owned restaurant groups in that its governance is tied to Apollo's private equity fund cycles.