Overhall at Restaurant Group

Overhall at Restaurant Group

Restaurant Group’s (RTN) new chief executive, Andy Hornby, is set on overhauling the leisure division with a commitment to exiting half of its leisure sites on lease renewal. It has already closed 16 sites during the year, reducing the overall leisure estate to 352 locations. The remaining estate has a median duration of six years until lease expiry, or the date at which Restaurant Group can exercise a break clause - so a large-scale exit isn't achievable overnight. 

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