Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

RetailCoronavirusLatest NewsRedundancy

Doubts over 1,200 jobs as burger chain faces sell off

by Adam McCulloch 29 Jun 2020
by Adam McCulloch 29 Jun 2020 Photo: Amer Ghazzal/REX/Shutterstock
Photo: Amer Ghazzal/REX/Shutterstock

The futures of about 1,200 jobs are under threat with the news that burger chain Byron is the latest major restaurant operator to face financial collapse during the coronavirus crisis.

Sky News and the BBC reported today that the chain has filed a notice of intention to appoint administrators, although Byron has itself not confirmed the news so far. The move would give legal protection from creditors while discussions take place with them about debts.

Job retention and coronavirus

Go Outdoors enters administration

DPD and B&Q to hire extra staff

Employees on payroll drop 600,000 in two months

Seven things employers need to know about flexible furlough

‘Horrible, complex’ flexible furlough guidance unveiled

Latest redundancy news

A limited reopening of Byron restaurants is expected from mid-July and some of its branches are already offering takeaways.

Accountancy firm KPMG has been seeking to sell Byron since May but there have been no bids to buy the 51-outlet, 2007-founded chain as a going concern. It is currently owned by Three Hills Capital Partners.

There is, though, thought to be interest from several sources in acquiring parts of the business – including the brand name and certain sites. This could lead to a so-called pre-pack administration where individual assets are sold to new owners.

The appointment of administrators will stave off creditors while the chain conducts talks with potential buyers. In 2019 generated a turnover of £70.9m, with a gross profit of £31.6m. This represented a startling recovery given that in the previous financial year Byron had made a loss of over £42m.

Meanwhile, Café Rouge, Las Iguanos and Bella Italia owner Casual Dining Group is looking for a buyer, putting some 6,000 jobs at risk, and the Restaurant Group, which runs Frankie & Benny’s and Garfunkels, will close more than 100 restaurants with the loss of 3,000 jobs under a company voluntary agreement. It had already placed its 80 Chiquito Tex-Mex restaurants in administration at the end of March. Carluccio’s, owned by Landmark Group, also entered administration in March.

Latest HR job opportunities on Personnel Today

Browse more human resources jobs

Adam McCulloch
Adam McCulloch

Adam McCulloch is a freelance writer and production editor who has worked in sectors including travel (The Guardian), aviation (Flight International), agriculture (Farmers' Weekly), music (Jazzwise), theatre (The Stage) and social work (Community Care). He also works for a national newspaper and is the author of KentWalksNearLondon

previous post
Black jobs matter: does the law curb positive action?
next post
Data detectives and home working facilitators among future HR roles

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

You may also like

McColl’s administration puts 16,000 jobs at risk

6 May 2022

Youth collective to inform Body Shop strategy

6 May 2022

New law protects emergency and retail workers from...

4 May 2022

Foodservice group to create 32,000 new jobs

22 Apr 2022

Sainsbury’s increases wages for second time in four...

8 Apr 2022

Hiring activity in March 2022 began to stabilise

8 Apr 2022

H&M signs pledge to protect female workers in...

1 Apr 2022

Sainsbury’s discriminated against worker with brain injury, finds...

24 Mar 2022

B&Q and Screwfix pay to rise from April

22 Mar 2022

Rising cost of living prompts Currys hourly pay...

15 Mar 2022
  • Strathclyde Business School expands its Degree Apprenticeship offer in England PROMOTED | The University of Strathclyde is expanding its programmes...Read more
  • The Search for Talent: Six Major Employer Pitfalls PROMOTED | The Great Resignation continues unabated...Read more
  • Navigating the widening “Skills Confidence Gap” in 2022, and beyond PROMOTED | Cornerstone OnDemand conducted a global study...Read more
  • Apprenticeships are the solution to your recruitment problems PROMOTED | Apprenticeships have the pulling power...Read more
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+