Byron has become the latest restaurant chain to file a notice of intention to appoint administrators, Sky News learns.
Companies including Casual Dining Group, the owner of Las Iguanas and Café Rouge, have filed notices of intention to appoint administrators, while numerous others - including Prezzo, Wahaca, Wasabi and the owner of ASK Italian and Zizzi - have hired advisers to explore options to raise new money.Founded in 2007 with two sites, Byron was among many casual dining chains which expanded too aggressively and agreed to rent deals that they ultimately could not afford.
Its existing majority shareholder, Three Hills Capital Partners, helped secure its survival in 2018, when it undertook a restructuring to wipe out its debts and close to underperforming sites.
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