One of the nine restaurants the company will close is its Wembley site. Read the full story here:
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.
This was an increase of 41% compared to the same month in 2019, before the Covid-19 pandemic. In total, 6,613 hospitality firms have 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.
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