Buzz People

Half of Chiquito restaurants under threat

Half of Chiquito restaurants are under threat following a review by their owners, the Restaurant Group.
In March, it identified 76 Frankie & Benny's restaurants in what it now considers to be unfavourable locations and it has now highlighted 42 more sites, which are mainly Chiquitos.
Restaurant Group reported a loss for the first half of the year.
It was caused by it writing down the value of restaurant sites seen as being "structurally unattractive".
There are 79 Chiquito restaurants across Great Britain, with the highest number, 10, in the West Midlands, but it it not known which ones are under threat.
A spokesman told the BBC that as each restaurant's lease came up for renewal, its future would be considered.
Shares in Restaurant Group fell by nearly 14% in early trading on Tuesday.
https://www.bbc.co.uk/news/business-49562138
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