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.
Boparan Restaurant Group has announced plans to enter into a company voluntary arrangement (CVA) which will result in the closure of 27 restaurants and the loss of 340 jobs. The group trades under the Giraffe and Ed's Easy Diner brands, and 20 Giraffe restaurants and 7 Ed's Easy Diner restaurants will imminently begin the formal process of consultation over the closures and job losses. The CVA will result in rent reductions for the remaining stores; a spokesperson for the group stated that the CVA was the only option to protect the company for the future. There is no information on when the closures and job losses are expected to take place.
Eurofound (2019), Boparan Restaurant Group, Closure in United Kingdom, factsheet number 97390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97390.