Byron burger in Bury St Edmunds has been saved following a rescue deal.
The struggling burger chain will permanently close over half of its 51 sites after being transfer to its new owner, Calveton UK .
The restaurant in the Arc is one of 20 which will re-open – with just 550 of its 1,200 employees being retained. The deal, which was due to be completed through a pre-pack administration process on Friday afternoon, will be the latest example of the carnage being wreaked across Britain’s restaurant sector.
It isnât such Good News for their other Suffolk restaurant however, the Ipswich branch is on the list of those expected to close.
Like other hospitality businesses, Byron struggled to access financial support under the Treasury’s emergency loan schemes, and has been hit by the confusion over reopening guidelines, the prospect of a second wave of the coronavirus pandemic and the restraints imposed by social distancing.
The restaurants which will stay open following the deal are:
Bluewater
Bury St Edmunds
Cambridge
Chelmsford
Edinburgh Lothian Road
Edinburgh North Bridge
Liverpool
Manchester Piccadilly
Milton Keynes
Norwich
London Beak Street
London Covent Garden
London Islington
London Old Brompton Road
London White City
Oxford
Salisbury
Southampton
Waterloo
York
Expected to close are:
Birmingham
Bromley
Canterbury
Exeter
Ipswich
Kingston
London Canary Wharf
London Camden
London Central St Giles
London Chiswick
London Clapham Common
London Earls Court
London Farringdon
London Finchley Road
London Gloucester Road
London Greenwich
London Hammersmith
London Haymarket
London Holborn
London Kensington
London Kingâs Road
London Leicester Square
London Northcote Road
London One New Change
London Putney
London Richmond
London Strand
London The O2
London Wardour St
London Waterloo
Leeds
Newcastle