Home Business News Ed’s Easy Diner and Giraffe close sites

Ed’s Easy Diner and Giraffe close sites

by LLB Reporter
4th Mar 19 10:43 am

Hundreds of jobs are at risk as both restaurant chains, Giraffe and Ed’s Easy Diner has announced their intention to enter into a company voluntary arrangement (CVA), to close 27 out of 87 restaurants.

Boparan Restaurant Group (BRG) who own the two brands said, several sites have remained unprofitable although like-for-like sales had improved.

Tom Crowley, chief executive of BRG, said: “We have been examining options for the two brands for some time and the CVA is the only option to protect the company.

“The combination of increasing costs and over-supply of restaurants in the sector and a softening of consumer demand have all contributed to the challenges both these brands face.”

Advisers from KPMG are to oversee the CVA.

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