Latest news with #TRG
Yahoo
23-05-2025
- Business
- Yahoo
Wagamama UK's CEO Thomas Heier steps down
Thomas Heier has resigned from his position as chief executive of Wagamama UK, concluding a four-year tenure. Heier, who joined the company as people director in 2017 and was promoted to chief executive in 2021, will be succeeded by Mark Chambers. Chambers, currently the chief financial officer at Wagamama's parent company, the Restaurant Group (TRG), will assume his new role from 2 June 2025. Chambers has a history of leadership within TRG, having previously managed the leisure and concessions division, which includes brands such as Chiquito's and Frankie & Benny's. TRG sold these brands to Big Table Group for £7.5m ($10m) in 2023. Heier stated: 'Whilst I'm extremely excited about what comes next, I leave knowing the business is in a strong position for the future, and I look forward to watching the next phase of growth and innovation. I'll always be cheering the team on from the sidelines.' Wagamama operates a portfolio of 160 restaurants across the UK and has expanded its brand internationally with 50 franchised locations in Europe and the Middle East. The chain has established a presence in the US with seven restaurants. In parallel to the leadership change in the UK, Wagamama's North American division is also undergoing a shift. Stephen Judge will take over as CEO on 9 June. Judge, a UK native with a background as a professional chef, currently serves as the CEO at Gibsons Restaurant Group and has previously overseen café operations at Hard Rock International. Judge will report directly to TRG chief executive Andy Hornby, who is expanding his responsibilities to include Wagamama's international operations. TRG came under the ownership of Apollo Global Management following acquisition in 2023. It has recently announced that it is in talks to acquire a significant number of sites from pub and restaurant chain Oakman Group. "Wagamama UK's CEO Thomas Heier steps down" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Wagamama owner TRG in talks to buy part of Oakman's assets
The Restaurant Group (TRG), owner of the Japanese-inspired restaurant chain Wagamama, is in discussions to acquire a significant number of sites from pub and restaurant chain Oakman Group. Sky News reports that TRG, with backing from private equity firm Apollo Global Management, is in advanced negotiations for the purchase. Oakman Group has been advised by PricewaterhouseCoopers and is concurrently in talks with other potential buyers for the sale of its remaining assets. Oakman currently trades from more than 30 locations. TRG may acquire between one-third and half of Oakman's sites if the deal goes through. The transaction, led by TRG's chief Andy Hornby, a former executive at Boots and Coral, is estimated to be valued between £50m ($66.9m) and £100m. The potential deal emerges during a challenging period for the hospitality sector, which is grappling with tax increases and unstable consumer confidence that could lead to further job cuts and business closures. It was reported last week that RedCat, the pub company established by ex-Greene King CEO Rooney Anand, was considering a purchase of the pub-hotel operations from his previous company. Representatives from both TRG and PricewaterhouseCoopers have not commented on the ongoing discussions. TRG operates restaurants and pub restaurants across the UK, with Wagamama and Barburrito as its principal trading brands, along with a pub restaurants and concessions business which trades principally at UK airports. In September 2024, TRG announced its intention to significantly expand the pan-Asian restaurant brand Wagamama's presence in the country. "Wagamama owner TRG in talks to buy part of Oakman's assets" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Wagamama owner in talks to snap up Oakman Inns
The hospitality company which owns Wagamama is in talks to buy a chunk of Oakman Group, the pub and restaurant chain. Sky News has learnt that The Restaurant Group (TRG), which is backed by the private equity firm Apollo Global Management, is in advanced discussions to buy some of the privately held company's assets. Industry sources said that Oakman and its advisers were negotiating with other prospective bidders about a sale of its remaining assets. Oakman trades from more than 30 sites, and has been working with advisers from PricewaterhouseCoopers for several weeks on an auction. Money blog: How the markets reacted after new EU-UK deal struck One insider said TRG was likely to acquire between one-third and half of Oakman's sites if the deal was successfully completed. The buyer, which is run by former Boots and Coral chief Andy Hornby, would then integrate them into its Brunning & Price pub estate, the insider added. Further details of the potential transaction were unclear on Monday afternoon, although it is likely to be worth somewhere between £50m and £100m. The Oakman sale process comes amid intensifying pressure on the hospitality industry, with recent tax rises and jittery consumer confidence triggering fresh warnings of job losses and business collapses. Last week, Sky News revealed that RedCat, the pubs operator founded by former Greene King boss Rooney Anand, was in talks to swoop on his former employer to buy its pub-hotel operations. TRG and PwC declined to comment.
Associated Press
14-05-2025
- Business
- Associated Press
Nabila Salem Appointed Strategic Advisor to Smoothstack
MCLEAN, VA, UNITED STATES, May 14, 2025 / / -- Smoothstack Inc., a leader in IT solutions and workforce development, is pleased to announce the appointment of Nabila Salem as strategic advisor. This strategic move reinforces Smoothstack's position as a pioneer in the Hire, Train, Deploy (HTD) sector and underscores its commitment to accelerating the careers of emerging tech professionals nationwide. Salem brings a distinguished track record of leadership and innovation in building diverse, high-performing technology workforces. She is currently the founder and CEO of Big Impact Ltd and previously held key roles at Tenth Revolution Group (TRG), including serving on the board and as group president of Revolent. Under her leadership, Revolent scaled to over 500 employees across six countries, delivering top-tier talent aligned with Salesforce, AWS and Microsoft technologies. Prior to her tenure at TRG and Revolent, Salem was on the North America Leadership Board at FDM Group, responsible for running global teams across six time zones. Her industry accolades include being named in Management Today's 35 Women Under 35 List in 2019 and receiving the title of Globant's Most Inspiring Executive in the UK in 2021. She is also a long-time judge of the Women in Tech Employer Awards, reflecting her dedication to equity and excellence in the tech talent ecosystem. 'We are thrilled to welcome Nabila as a strategic advisor. Her experience in the HTD sector, combined with her vision for building dynamic and inclusive tech talent pipelines, will be instrumental in shaping the future of Smoothstack,' said Smoothstack CEO John Akkara. 'I have been truly impressed by Smoothstack's innovative approach to talent development. The apprenticeship program is exceptional — graduates not only acquire cutting-edge skills but also perform at the same level as software developers with three years of experience,' said Salem. With this appointment, Smoothstack continues its mission to be the gold standard in tech apprenticeship programs — transforming raw potential into workforce-ready professionals through its award-winning model. About Smoothstack Smoothstack, Inc (Smoothstack) is an IT services and solutions provider with a unique ability to create net-new talent through its Hire-Train-Deploy (HTD) approach. For more information visit Madeline Coe Smoothstack Inc email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Daily Telegraph
01-05-2025
- Business
- Daily Telegraph
Gavin Rubinstein knocks back $6.5m offer on Cohen pad
TRG founder Gavin Rubinstein has taken on the job of selling his former Luxe Listings co-star Simon Cohen's Potts Point flat and he's already knocked back an offer. 'We've had an offer of $6.5m which I've rejected,' says Rubinstein, close mate of Australia's best known buyer's agent who has orchestrated many of the biggest deals in the country of late. It would be fun to be in the same room as the pair as they discuss the offers as they come in, as they often clashed in the hit reality TV show of a few years back. The two-level three-bedroom, three-bathroom apartment with double parking and Harbour Bridge and Opera House views in the renowned Ikon block in Macleay St, Potts Point first hit the market at the start of spring last year via a different agency. It has 180sqm of internal space — 300sqm including the courtyard. MORE: Why old house doubled in value in two years Rubinstein's keeping mum on the price expectations, nine months later. The $6.5m offer clearly wasn't enough, but Cohen's probably dropped his initial hopes and dreams. Whoever buys it will be buying well. There's no doubt this is a ripper apartment in one of Sydney's best-built blocks by the country's most respected developer, Mirvac. Another of Australia's big real estate names, John McGrath, recently paid a suburb record price for an apartment built by the same crew. That's no accident. And the market's set to fire up post election, experts believe, so it could be prime time to snap this dream pad up. Cohen bought it for $5,125,000 in 2021 but then did a $1.85m reno over two years. At the time it listed last spring, it was said he 'went overboard', gutting the entire apartment, adding new electrics, new ceilings and new cornices. Cohen's created a 'world class sanctuary of unparalleled appeal', as you might expect. And given that his focus has now turned to the 'relaxed' renovation of his $12.5m Paddington mansion, the Potts Point pad is unlikely to be on the market for much longer.
