Pod

Type
Merger/Acquisition
Country
United Kingdom
Region
London;
Location of affected unit(s)
London
Sector
Hotel / Restaurants
Accommodation And Food Service Activities
Food And Beverage Service Activities
56.1 - Restaurants and mobile food service activities
90 jobs
Number of planned job losses
Job loss
Announcement Date
24 June 2019
Employment effect (start)
Foreseen end date

Description

London based health food cafe chain Pod has been bought out of administration by the Azzurri Group which operates the ASK Italian, Zizzi, Coco di Mama and Radio Alice chains. The takeover secures the future of 170 jobs across 13 outlets, which will continue to trade under the Pod name. Nine of the business's sites will close which will result in the loss of 90 jobs. It is understood that the redundancies have been confirmed though it is less clear as to whether the job losses have already taken effect.

Sources

Citation

Eurofound (2019), Pod, Merger/Acquisition in United Kingdom, factsheet number 98057, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98057.