The company will close nearly half of its restaurants and cut 218 staff in a further restructure.
Claire Winder, managing director at Interpath Advisory who acted as a joint administrator on the deal, said: "Like many other companies across the hospitality sector, Byron had seen a boost in trading following the end of the Covid lockdown measures.
That was an increase of 62% compared to the same month in 2019, before the pandemic. In total, 6,293 hospitality firms started insolvency proceedings since 2020. The rate of price rises, or inflation, is currently at a 40-year-high fuelled by surging energy costs for both businesses and households.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Byron Burger Could Close Half Its Restaurants to Stay AliveByron Burger is an all-too-familiar situation: Closing half of its restaurants in a bid to stay alive during a new round of private equity pass-the-restaurant-parcel
Read more »
Major burger chain goes into administration with 9 restaurants to closeA MAJOR burger chain has fallen into administration and is set to close nine restaurants immediately. The owners of Byron burger has said the closures will result in the loss of 218 jobs. The Famil…
Read more »
How Byron Buxton helped lure Carlos Correa back to the Minnesota TwinsOn Monday night, Byron Buxton received a phone call from Carlos Correa. The shortstop had a secret he couldn’t wait to share… “(Correa) was like, ‘She’s already pregnant — I’m coming back to the Twins.’” ✍️ DanHayesMLB
Read more »
Oxford United seller stops burger sales in stadium after picArsenal fan James Kent posted a picture of his half-time snack from Farr's Catering Group online.
Read more »
Man gets 7lb burger stuck in stomach during a speed eating competitonMan hospitalised for five days after getting a 7lb burger stuck in his stomach during speed eating competition
Read more »
Carlos Correa's Twins return: 10 domino effects from Minnesota's big moveThere were many moving parts involved in Carlos Correa’s unexpected return to the Twins. With the shortstop's introductory press conference complete, AaronGleeman has thoughts on the dominos that could fall in the aftermath.
Read more »