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Tragus Group is to invest £120m opening 70 more Cafe Rouge and Bella Italia restaurants by 2018, with the creation of 3,100 jobs, and will rename itself Casual Dining Group.
Tragus Group is to sell its Strada chain of 43 restaurants to Sun Capital Partners for £37m.
Tragus Group is planning to expand its chain of 90 Bella Italia pizza and pasta restaurants with 20 new sites a year.
Tragus Group is planning to open up to 15 new restaurants over the next year, having agreed a refinancing deal with its banks.
Tragus Group is to invest £13m opening 17 new Cafe Rouge, Strada and Bella Italia restaurants during this financial year, with the creation of 400 jobs.