This time its Giraffe and Ed’s Easy Diner. The chains are owned by The Boparan Group who bought the struggling chains from Tesco in 2016.
However, despite the rise in sales, they have been hampered by rising costs including Business Rates and rents so are in the process of proposing a CVA to creditors. If the CVA is approved by creditors it has been reported that 27 sites face closure.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.