Thu 26th Mar 2020 - TRG places Food & Fuel in administration, files notice to do same with Chiquito TRG places Food & Fuel into administration, files notice to do same with Chiquito: The Restaurant Group (TRG) has placed Food & Fuel, its 12-strong London-based pub vehicle, into administration and filed notice of intention to do the same with the majority of its Chiquito-branded estate. The company has appointed restructuring firm RSM as administrator to Food & Fuel and filed a notice of its intention to do the same with Chiquito Limited, which owns 61 Chiquito outlets. Another 20 Chiquito sites that form part of the group’s airport concessions unit are unaffected. A TRG spokesman told Propel: “As we announced in our update to the market on 18 March, covid-19 has had an immediate and significant impact on trading across the group. We have conducted a review of the performance of our business divisions, with a particular focus on the expected cash generation profile of each of our business units. The group believes Food & Fuel Limited and Chiquito Limited will achieve negative Ebitda in the financial year ending 27 December 2020. As a result, the group has taken the difficult decision to appoint an administrator for Food & Fuel Limited and filed a notice of intention to appoint an administrator for Chiquito Limited. The decisions have been incredibly difficult and we recognise the significant impact on all our colleagues that are affected. We thank them for their hard work and commitment during these testing times.” It is understood the administration of Food & Fuel has no impact on the group’s other 74 pubs trading within the Brunning & Price and Ribble Valley Inns entities. The total impact on this is circa 10% of TRG’s roughly 650 sites. TRG acquired the then 11-strong Food & Fuel in September 2018 for £14.9m. Food & Fuel comprises leasehold pubs and cafe bars predominately in affluent London neighbourhoods, providing a premium offering tailored to local markets.