Burger King could close a number of its UK sites as part of a restructuring move in the wake of the coronavirus crisis, it has been claimed.
Numerous casual dining and food-to-go operators have taken measures to limit costs and reduce exposure to unprofitable sites over the last few months.
Sky News said it has learnt that Burger King’s British operations have hired advisers from AlixPartners to review options for one of its subsidiary companies, which directly owns approximately 25 of the chain’s outlets.
Sources told the news channel that the company was examining a CVA or, more likely, a pre-pack administration for the subsidiary.
The restructuring could entail the permanent closure of up to 10 of its restaurants with a number of potential job losses, it suggested.
Burger King’s master franchisee in the UK is Bridgepoint, the private equity firm that previously owned Pret A Manger.
Burger King operates more than 500 restaurants in the UK.