Byron may close some outlets as part of a restructuring – BBC News

Burger chain Byron could close up to 20 restaurants as part of a financial rescue proposal.

Accountancy firm KPMG, which is handling the restructuring, confirmed the plan, which would also involve cutting rent payments at other outlets.

Any deal would need approval from Byron’s creditors, who will vote on the plan on 31 January.

Byron, which has more than 70 outlets, employs about 1,800 staff across the UK.

KPMG said no restaurants would close immediately under the restructuring plan, and that employees, suppliers and business rates would continue to be paid on time and in full.

The restructuring…

Read the full article at: http://www.bbc.com/news/business-42625716