The Restaurant Group sells Concessions division

The Restaurant Group (TRG) has announced the sale of its Concessions division to Areas, the travel dining and retail operator.

The transaction marks the end for TRG Concessions under the ownership of Apollo-managed funds.

Over the last three years, TRG Concessions has increased its presence throughout UK airports, securing new space and franchise brand partners and taking on the operations of airport wagamama restaurants.

TRG Concessions will continue to operate the wagamama brand in UK airports under a franchise agreement, as well as work on expansion opportunities for the wagamama brand in European airports.

As part of the Areas group, TRG Concessions will join an extensive global network.

"On behalf of everyone at TRG, I would like to express our massive thanks to the extraordinarily hardworking and dedicated teams across the Concessions business who have consistently delivered high-quality hospitality experiences for both our customers and our airport partners," says Andy Hornby, CEO of TRG. "We wish all the team at TRG Concessions well and I am very confident of their continued success as part of the Areas Group."

The transaction is subject to customary closing conditions and is expected to complete by 26 July 2026. TRG says it will provide certain customary transitional services for a period of time, ensuring continuity for TRG Concessions partners, suppliers and team members.

“We are very grateful for the support and investment we have received from Apollo and the wider TRG team," adds Jonathan Knight, CEO of TRG Concessions, "We are delighted to be joining Areas and excited about what the next chapter will bring. Our commitment to our airport and rail partners remains unchanged, and they can expect the same high standards, strong relationships and focus on delivery that have always been at the heart of our business."

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