Casual dining legend Andrew Guy has come out of retirement to re-take the helm at Ed’s Easy Diner following news that the anticipated sale of the chain has been scrapped.
Guy has been working in a consulting capacity for Ed’s Easy Diner since he originally departed last year, paving the way for former Yum! Brands man Ivan Schofield to take over the chief executive’s position. Schofield was expected to lead the sale of the business to private equity owners, but it has now been taken off the market after reportedly failing to fetch the £90m it was looking for.
It is understood that Schofield, who will work alongside Guy as he reclaims the running of the group over the next few weeks, has decided to pursue career opportunities elsewhere.
Both parties said they were leaving on good terms. “I have thoroughly enjoyed my time at Ed’s and want to pay tribute to all the great people in the organisation who work so hard to make this brand so strong. I wish them all the very best in the future,” commented Schofield.
Stephen Greene, chairman of Ed’s Easy Diner, stated: “On behalf of the entire team at Ed’s I would like to thank Ivan for his contribution during his time with the business. Ed’s is a great brand and Ivan’s extensive experience has been of undoubted benefit to the company at this stage of its development. We wish Ivan well in his future endeavours.”
At the time of his arrival last year, Schofield said he was looking forward to leading Ed’s Easy Diner through its next phase of development.
“I have huge admiration for what Andrew and the team have done so far,” he said at the time.. “The brand has strength beyond its scale and is a terrific concept with great products, affordable prices and excellent service, underpinned by the timeless and universal appeal of the 1950s American diner.”