Tag Archives: Byron

EXCLUSIVE: Byron vows “complete overhaul” of restaurant offer as new management team bids to put troubles behind it

Byron Hamburgers – one of the first chains to implement a CVA following the downturn in the casual dining market last year – is hatching a “comprehensive operational turnaround plan” now that its financial restructuring is complete. A new management team has been recruited to bring significant “sector and change management expertise” to the company

Business rates data exposes why chains are begging landlords to slash rents

Restaurant and casual dining chains are joining retailers in their struggles against the “onerous” business rates regime, with some fall-out in the high street highly likely, Colliers International has said.  With the negative impact of the 2017 Rating Revaluation hitting casual dining chains, the property agency said that rising rates had “substantially” added to their

Byron will find out tomorrow if creditors support restructuring proposal

Burger chain Byron will tomorrow discover whether creditors are backing its plans for a company voluntary arrangement (CVA) proposed earlier this month. The company needs to secure at least 75% creditor approval for its CVA, which would see it restructure the business financially to raise new investment and lower the rents it pays landlords. Byron

Crunch time for Byron creditors as they get set to vote on CVA

KPMG will spend the next two weeks in talks with creditors of Byron Hamburgers as the embattled burger chain waits to see whether it receives sufficient approval for a company voluntary arrangement (CVA) proposed yesterday. The company needs to secure at least 75% creditor approval for its CVA, which would see it restructure the business

Deliveroo reveals the restaurants driving the delivery company

As the end of 2017 approaches, online-based food delivery service Deliveroo has revealed which restaurants have been leading the way for orders over the last 12 months. Despite having a turbulent financial year, American fast casual dining restaurant Five Guys secured the most orders of any restaurant in the UK, with its cheeseburger. Deliveroo noted

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