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.
Gourmet Burger Kitchen, the British hamburger restaurant chain, has announced that it will close 26 of its restaurants across the UK, putting 362 jobs at risk of redundancy after it had been bought out of administration. The transaction has saved 35 sites and 669 jobs.
A representative of the administrators said the restrictions introduced in the wake of the COVID-19 pandemic exacerbated the challenges faced by many high street restaurant chains.
Gourmet Burger Kitchen employed just over 1,000 people before the pandemic started. The company had been acquired by Boparan Restaurant Group, which had also bought the restaurant chain Carluccio’s.
Eurofound (2020), Gourmet Burger Kitchen, Closure in United Kingdom, factsheet number 102264, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102264.