Eat sandwich chain set to close stores as rivals bite

Sandwich chain Eat is understood to be mulling potential store closures as it explores ways to shore up the business in the face of biting high street pressures.
The group has drafted in professional services firm KPMG to help with a possible restructuring, according to Sky News, with a Company Voluntary Arrangement (CVA) reported to be among the options.
A CVA allows firms to take the pressure off their creaking finances by closing loss-making outlets and securing deep discounts on rental costs.
It was recently used by burger chain Byron, which is pushing through around 20 store closures,... read more

 
6 February 2018 in Regional West, Views: 35
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