North East UK news Byron in Newcastle to close permanently as Covid-19 continues to hit high street MetiNews.Com

MetiNews.Com - The burger chain, which was placed into administration last month, has announced sweeping cuts

North East UK news Byron in Newcastle to close permanently as Covid-19 continues to hit high street MetiNews.Com

MetiNews.Com - The burger chain, which was placed into administration last month, has announced sweeping cuts

North East UK news  Byron in Newcastle to close permanently as Covid-19 continues to hit high street MetiNews.Com
01 August 2020 - 10:40

Breaking News ! The Newcastle branch of Byron is among 31 sites around the country set to close down permanently. Administrators KPGM took over the struggling restaurant business in June as it joined the long list of high street retail brands struggling during the pandemic. The move will result in the lost of 651 jobs but see some of the business continue under new management. Byron have operated a prime location on Grey Street overlooking the Monument in Newcastle city centre since 2015. But, as revealed in February by ChronicleLive, the spot is being eyed up by another well-known name: The Ivy. Bosses of the prestigious London restaurant, long favoured by the rich and famous, are thought to have been eyeing up the Grade II listed site for several years, although it's unclear if that's still the case post-lockdown. Byron is the latest casualty in a grim period for casual dining chains, with Zizzi, Cafe Rouge and Bella Italia all closing restaurants in recent weeks. Byron, which was founded in 2007, previously undertook a major restructuring in 2018 to wipe out its debts and close underperforming restaurants.

. Will Wright, partner at KPMG and joint administrator, said: “In common with so many other companies across the leisure and casual dining industries, the impact of the Covid-19 pandemic on Byron has been profound.“After exploring a number of options to safeguard the future of the business and following a competitive sales process, this transaction ensures Byron will continue to have a presence on our high streets.” Steve Absolom, partner at KPMG and fellow joint administrator, said: “It is always a regrettable outcome when hard-working people lose their jobs and so our focus now will be on providing those employees affected by redundancy with the support they need at this difficult time.” Sandeep Vyas of Calveton said: “Byron is a pioneering brand much loved by customers across the UK.“We are backing Byron because we believe it has great opportunity ahead of it, and it is well placed to adapt to the new consumer environment and dining trends.“We will continue to bring Byron’s great tasting food to customers in restaurants and via digital on-demand platforms, whether they are at work, home or on the high street and we look forward to working with the team.”

Source = MetiNews.Com

This news 37 hits received.

North East UK news Byron in Newcastle to close permanently as Covid-19 continues to hit high street MetiNews.Com


North East UK news Byron in Newcastle to close permanently as Covid-19 continues to hit high street MetiNews.Com


North East UK news Byron in Newcastle to close permanently as Covid-19 continues to hit high street MetiNews.Com


North East UK news Byron in Newcastle to close permanently as Covid-19 continues to hit high street MetiNews.Com

COMMENTS

  • 0 Comment
Last News
MAY INTEREST YOU x
Uk news  Kilmarnock 1 St Johnstone 2: Michael O'Halloran the hero with last-gasp winner MetiNews.Com
Uk news Kilmarnock 1 St Johnstone 2: Michael O'Halloran the hero with...
Sheffield news  The locations of 134 new cases of coronavirus recorded in Yorkshire MetiNews.Com
Sheffield news The locations of 134 new cases of coronavirus recorded...