Restructuring

Giraffe and Ed’s Easy Diner CVA closures approved

The creditors of Giraffe Concepts Limited, the operator of the Ed’s Easy Diner and Giraffe restaurant brands, have approved its…

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Giraffe and Ed’s Easy Diner to close 27 sites

Boparan Restaurant Group (BRG) is to close a third of its Giraffe and Ed’s Easy Diner sites, affecting hundreds of…

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Pub and restaurant closures lead to 31% rise in insolvency costs

Insolvent companies, across all sectors of the British economy, that couldn’t pay their debts have cost taxpayers £3.07bn in payments…

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Simon Cope resigns as Byron CEO

Simon Cope has resigned from his position as the CEO of embattled burger restaurant chain Byron amid the company’s restructuring…

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Recent criticism of CVAs raises the question: “are they fit for purpose?”

In 2018, we have seen a number of high-profile retail restructurings and common to many is the use of a…

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250 jobs at risk as GBK closures given the go-ahead by creditors

Creditors have given approval for burger chain GBK to close 17 underperforming restaurants putting 250 jobs at risk. GBK is…

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Profits at top 100 UK restaurant groups plunge 80% to £37m in a year

The total pre-tax profits at the UK’s top 100 restaurants have plummeted by 80% in the last year to £37m,…

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GBK enters CVA

GBK has announced it is to enter a CVA this afternoon (24 October) following the appointment of Deloitte in September…

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Casual dining brands show growth despite high street woes

Casual dining has continued to grow with visits up 7%, latest figures from global information company The NPD Group have…

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GBK ‘appoints restructuring advisors’ prompting CVA suspicions

Burger chain Gourmet Burger Kitchen (GBK) has reported appointed restructuring advisors Deloitte leading to suspicions that the company could be…

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