According to The Times, Deloitte is seeking rent reductions and site closures for the chain which recently reported a loss of £2.24m in the 22 weeks to 29 July 2018. Its like-for-like sales were also down by 10.6%.
The chain’s parent company, Famous Brands, issued a statement on 17 August which said: “Famous Brands is giving consideration to strategic options relating to a subsidiary that may
have a material impact on the price of the company’s share price. Shareholders are requested to exercise caution when dealing in the company’s shares.”
Catering Today has contacted Deloitte for comment.