Byron Burger is an all-too-familiar situation: Closing half of its restaurants in a bid to stay alive during a new round of private equity pass-the-restaurant-parcel
, and Pizza Express. They are all examples of successful, small restaurant brands that have been inflated by private equity beyond a scale that their offer can withstand, creating a fragile business model that, as the “casual dining crunch” of 2018 proved, was already unsustainable, pandemic or no pandemic, Brexit or no Brexit.
Update: 11 January, 2023, 2:30 p.m.: This article was updated to include further information on the terms of Byron’s proposed administration.Check your inbox for a welcome email.By submitting your email, you agree to our
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