Byron Burger lines up administrators

Byron Burger lines up administrators

Published by Henrietta Creasey at 9:13am 30th June 2020. (Updated at 9:14am 30th June 2020)

2 minute read

The company, which has a branch in Salisbury, has become the latest restaurant to be hit financially by the coronavirus pandemic.

Byron, which employs 1,200 staff people across the country, has filed a notice to appoint administrators from KPMG.

It's hoped the move will protect it form collapse while it talks with potential buyers.

The chain is believed to be in talks with three potential buyers who could buy the firm or parts of it in what's called a "pre-pack" administration deal.

The firm had already begun a sale process with KPMG in early May.

It's understood Byron intends to begin a phased reopening of its 51 restaurants including Salisbury's from the middle of July. 

Byron has been struggling for a couple of years.

In 2018 the company launched a Company’s Voluntary Arrangement restructuring deal, which saw the closure of 10 sites.

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