Burger chain could close 20 stores in restructuring

HUNDREDS of jobs are under threat at Byron after the stricken burger chain put 20 restaurants – including a Birmingham eatery – at risk of closure as part of a proposed restructuring package.

The burger chain is looking to agree a company voluntary arrangement (CVA) to help put them on firmer financial ground by securing hefty discounts on rental costs.

A CVA allows a business to close loss-making stores and was recently used by embattled toy retailer Toys R Us.

Accountancy giant KPMG, which is handling the process, said Byron’s directors were using the move in order to secure the company’s future amid “gathering economic headwinds”.

However, it would need to win the backing of landlords and creditors before pushing forward with the process.

Outside of London, restaurants in New Street, Stratford-uponAvon and Worcester are at risk, as well as stores in Bristol, Camberley, Cardiff, Derby, Gateshead, Glasgow, Harrogate, Leicester, Manchester Corn Exchange, Manchester Deansgate and Windsor.

The Byron Burger eatery in New Street opened in October 2016.