The Restaurant Group feels like a company that has been fighting for survival ever since Danny Breithaupt — whatever happened to him? — was shown the door as chief executive in 2016 after the company isued three profit warnings in the space of only fifteen weeks (Dominic Walsh writes).
His successor, Andy McCue, the former Paddy Power boss, devised a revamp to put the company back on a stable footing, only to throw all the cards up in the air with a £559 million deal to acquire the Wagamama noodle bar chain, financed by a £315 million rights issue. Not only did the deal squeak through the required shareholder vote by a slender margin, but barely two months later Mr McCue promptly handed in his
