company: It is the first time he has led a publicly listed company since leaving HBOS at the height of the financial crisis, according to The Guardian. He has joined the company, which also owns the Frankie & Benny's, Chiquito and Garfunkel's chains, at a challenging time for the casual dining market. Hornby, who stepped down from HBOS in 2008 after its emergency rescue by Lloyds TSB, took over the top job at the Restaurant Group at the beginning of August and will present first-half results on Tuesday. Jamie Oliver's Italian chain closed in May and several others, including Prezzo and Strada, closed branches. People won't be looking for any drama at all, said Russ Mould, an analyst at AJ Bell. Hornby, who took over from Andy McCue a month ago, is not expected to reveal a radical change in strategy, but analysts are hoping he will swiftly address the group's hefty debts and the problems facing its casual chains.
(news.financializer.com). As
reported in the news.
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