Group with 67 restaurants and 1,800 employees in UK reaches agreement with creditors The troubled burger chain Byron is to close up to 20 restaurants, nearly a third of its outlets, after a rescue plan was agreed. The restructuring, known as a company voluntary arrangement (CVA), was agreed on Wednesday by the group's creditors and also involves reducing rents by a third at five sites. Rent will be cut by 55% at 20 sites for six months while Byron negotiates their future, but most of them are ex...
Group with 67 restaurants and 1,800 employees in UK reaches agreement with creditors The troubled burger chain Byron is to close up to 20 restaurants, nearly a third of its outlets, after a rescue plan was agreed. The restructuring, known as a company voluntary arrangement (CVA), was agreed on Wednesday by the group's creditors and also involves reducing rents by a third at five sites. Rent will be cut by 55% at 20 sites for six months while Byron negotiates their future, but most of them are ex...
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