Byron Burger, the London based burger chain, plans to close four of its restaurants throughout the UK.
The news comes only a few days after the appointment of the new Chief Executive, Simon Cope.
The chain was established in 2007 and has over 60 branches spread across the UK, with the majority of them being in London. The chain is currently owned by a private equity firm, Hutton Collins Partners who also own Wagamama.
One of the shops due to close is its Manchester restaurant, located in the Corn Exchange, which opened in 2015 and was part of a £30 million leisure development in the city.
The food outlet, previously known as the Triangle Shopping Centre, currently includes some of the most popular restaurants in Manchester, such as Zizzi, Tampopo, Pizza Express, Pho, Wahaca, Mogli, Gino D’Acampo and Salvi’s to name a few.
Byron Burger will become the first restaurant at the Corn Exchange to shut since the leisure complex’s opening.
A spokesperson for Aviva Investors Property Trust, the owner of the Corn Exchange said:
“The Corn Exchange has now established itself as a leading dining destination in the north. We can confirm that we are in talks with Byron as they look to consolidate their offer in Manchester from three restaurants to two and can also confirm that while still at early talks stage we have already we received multiple offers of interest in the unit.”
Byron Burger’s spokesperson commented:
“We are working with KPMG as part of our plans to grow and develop the business as we build our team and look at new growth opportunities.”
It was reported in 2016, the food chain made a pre-tax profit of £194,000, which many believe was as a result of the company ‘expanding too quickly’.