Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Byron Burger, the British ‘gourmet’ burger restaurant chain, has announced plans to close 31 of its 51 sites across the UK, making 650 jobs redundant. The remaining 20 restaurants and 551 employees will transfer to Calverton UK, which acquired Byron Burgers from the administration. Several of the affected restaurants are already closed because of the coronavirus crisis.
An administrator said the COVID-19 pandemic had a 'profound' impact on Byron Burger, but the sale would ensure that the company continued to trade.
A representative of Calveton said the chain was 'well placed to adapt to the new consumer environment', including by serving customers through digital platforms.
Byron Burgers was founded in London in 2007, and according to media sources, it was already facing financial difficulties when the pandemic started.
Eurofound (2020), Byron Burger, Merger/Acquisition in United Kingdom, factsheet number 101820, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101820.