Sad times for Giraffe, one of the better burger and fast food joints as the company nears administration.
BBC cites:
Boparan Restaurant Group (BRG) said sales had improved at the chains since they were acquired in 2016, but several sites remained unprofitable.
Tom Crowley, chief executive of BRG, said: “The CVA is the only option to protect the company.”
He added: “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.”
Giraffe was purchased in 2016 from Tesco and combined with the Ed’s Diner brand but the business is still failing to be profitable, and relevant, on the high street.
