Byron Hamburgers to close 20 outlets as part of rescue plan

Byron Hamburgers to close 20 outlets as part of rescue plan

Byron Hamburgers is set to close as many as 20 outlets as part of a rescue plan.

The struggling food chain’s Chief Executive, Simon Cope, said the company meant "a number" of restaurants would close.

"We will do everything possible to redeploy staff to other sites and initiatives," he said.

Byron employs around 1,800 staff. However, according to KPMG, the accounting firm handling the restructuring, employees, suppliers and business rates would continue to be paid on time and in full.

They added that no outlets will close immediately – BBC News reports.

Mark Edwards, a Partner at accountants BDO, believes that the problem is due to Byron’s rapid expansion. "There are some operators that are more successful than others such as Honest Burger, which has a different take and is London-centric,” he said.

He added that the restaurant sector as a whole was under pressure due to the National Living Wage, the apprenticeship levy, a squeeze on consumer spending, and higher import costs.

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