The company earmarks 35 sites to go within its struggling leisure division but says trading has held up well generally despite the cost of living crisis
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The company said it was aiming to cut its leisure estate by about 30% to between 75-85 sites by 2024 from 116 sites at present.Restaurant Group, which has come under pressure from investors in recent months, said the 35 sites earmarked for closure were all loss-making and would be shut as leases expired over the next three years.Cost pressures have already accounted for a reduction in the store estate.
On a statutory basis, pre-tax profits of £20m were wiped out by a provision for the closure of sites.
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