Byron Burger Edinburgh restaurant to close after falling into administration - full list of branches closing
Byron Burger has confirmed that it will be closing 9 branches and hundreds of jobs will be lost as the chain has fallen into administration.
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Byron Burger has confirmed that it will close its Edinburgh, Lothian Road restaurant as the chain has fallen into administration. Byron Burger’s owner has said that nine branches will close with immediate effect across major cities in the UK.
Famously Proper, the umbrella company which owns Byron Burgers, confirmed that 218 jobs would be cut as a result overall. Administrators from Interpath Advisory, a financial advisory business, were appointed on Friday (January 13) and confirmed that the chain has been sold in a pre-pack administration to Tristar Foods.
In a statement, Interpath said that over the past 12 months, Byron Burgers has faced ‘significant challenges to trading’, driven by rising food and utility costs, together with a reduction in customer spending as a result of the current cost-of-living crisis. Claire Winder, managing director at Interpath Advisory and joint administrator, said support would be offered to those impacted by the redundancies as a “matter of priority”.
“Like many other companies across the hospitality sector, Byron had seen a boost in trading following the end of the COVID lockdown measures.” She said. “However, the sky-high inflation seen in 2022 saw costs spiral and resulted in reduced customer spend, which in turn placed significant cashflow pressure on the business.
“We are pleased to have concluded this transaction which will see the Bryon name continue to trade on high streets across the country and which, importantly, has preserved a significant number of jobs,” Claire Winder added .
Following an exploration of several options to safeguard the future of the business, no solvent offers were forthcoming, so the directors took the difficult decision to file for the appointment of administrators. Immediately following the appointment, the joint administrators concluded a sale of the business and certain assets to Tristar Foods Limited.
A total of 12 sites will transfer to Tristar Foods as part of the transaction, safeguarding approximately 365 jobs.
Byron Burger closures - which branches will shut?
- Edinburgh Lothian Road
- London - Wembley
- Milton Keynes