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Restaurant Group plans expansion

Garfunkel’s parent The Restaurant Group has announced plans to open 30 eateries this year.


 


The group, which operates 400 restaurants, including Frankie & Benny’s, this morning said it will open between 25 and 30 outlets in 2012, and is “encouraged by both the size and quality of the pipeline of new sites”.


 


The acquisition plans follow the opening of 25 sites in 2011 – a year in which the group recorded a 7.3% revenue rise to £487m and 12% pretax profit increase from £54m in 2010 to £60m.


 


Andrew Page, chief executive, said: “This was another year of good progress for The Restaurant Group, with increases in revenues, margins and profits, as we continued to strengthen our market position and to grow our business. The performance of our recent years’ openings has been outstanding, and this bodes well for the future.”


 


joanna.bourke@estatesgazette.com


 

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