The Restaurant Group confirms deal to sell Frankie & Benny's, Chiquito's
TRG is selling the leisure division, which houses F&B’s and Chiquito’s, to the Big Table Group which owns Café Rouge.
By selling its leisure division, TRG's management will hope to quell some activist investors on the board, which have called for a change in direction. Activist investors collectively own more than a fifth of the stock.
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