https://www.bbc.co.uk/news/business-53222949
Byron Burger has filed a notice to appoint administrators, as it tries to protect the restaurant chain from creditors while it seeks a rescue deal.
The chain has 1,200 staff and 52 restaurants across the UK.
Sources confirmed that the Byron Burger board still remain hopeful that it can be sold as a "going concern".
The chain is believed to be in talks with three potential buyers, who could buy the firm or parts of it, in a so-called "pre-pack" administration deal.
This is where a firm sells all or some of its assets to a pre-determined buyer, and appoints administrators to do so.
I've never been to this chain - but, it's still sad to see another of these chains potentially disappearing . The restaurants re-open at the end of this week; however, with social distancing limitations, as well as the general reluctance of people to go out, I expect this won't be the last...
I just hope at least some of these restaurants can be saved.
Byron Burger has filed a notice to appoint administrators, as it tries to protect the restaurant chain from creditors while it seeks a rescue deal.
The chain has 1,200 staff and 52 restaurants across the UK.
Sources confirmed that the Byron Burger board still remain hopeful that it can be sold as a "going concern".
The chain is believed to be in talks with three potential buyers, who could buy the firm or parts of it, in a so-called "pre-pack" administration deal.
This is where a firm sells all or some of its assets to a pre-determined buyer, and appoints administrators to do so.
I've never been to this chain - but, it's still sad to see another of these chains potentially disappearing . The restaurants re-open at the end of this week; however, with social distancing limitations, as well as the general reluctance of people to go out, I expect this won't be the last...
I just hope at least some of these restaurants can be saved.
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