CLICK AND COLLECT The Restaurant Group, owner of the Wagamama and Frankie & Benny's chains, wraps up the final piece of a £675m capital raise this week, when it completes a £175m share sale on Friday. Though still subject to a shareholder vote on March 29, the cash injection will steady the company's finances ahead of the expected partial reopening next month of the UK hospitality industry. Three UK lockdowns over the last year have ravaged the company's finances and forced it to re-evaluate its business. It has permanently closed more than a third of its venues and renegotiated rents at dozens of sites. The share sale comes after TRG agreed £500m of new loans with banks earlier this month, and also persuaded lenders to waive covenants on loans until next year.
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