In the News
Byron in financial trouble seeks cuts in rents
9th January 2018
The restaurant chain Byron is in financial trouble and is seeking to negotiate reductions in rent on a sizeable number of their leased properties in a bid to reduce fixed costs and losses.
If they enter into a rescue package agreement with creditors, it is likely that 15 of their 70 restaurants will close. Byrin is not alone in being affected by higher food costs (in part caused by rising import prices because of the fall in sterling) along with a softening of consumer confidence.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Business De-mergers
Study Notes
Amazon's Dash Button - Dynamic Efficiency at Work?
1st April 2015
65 Million Subscribers for Netflix
16th July 2015
Sainsburys agrees a deal with Home Retail (Argos)
3rd February 2016
Industry Evolution - Why Most Businesses Fail
19th April 2017
Horizontal Integration - Unilever pursues £50bn-plus mega-merger
18th January 2022