Frankie & Benny’s confirms closure of 125 restaurants

Restaurant chain Frankie & Benny’s - which has a number of sites in Sussex - is to close 125 of its restaurants.
By Sarah Page
Published 11th Jun 2020, 11:09 GMT
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Owners - The Restaurant Group - say closures will not affect their Wagamama chain, airport concessions or pub operations

The closures come as part of a cost-cutting CVA, a company voluntary arrangement. The company is also seeking improved rental terms from its landlords.

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If approved, the CVA will leave 160 Frankie & Benny’s outlets.

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Chief executive Andy Hornby said:“The issues facing our sector are well documented and we have already taken decisive action to improve our liquidity, reduce our cost base and downsize our operations.

“The proposed CVA will deliver an appropriately-sized estate for our leisure business to ensure we are well positioned despite the very challenging market conditions facing the casual dining sector.”

A spokesman for the company added it was not yet possible to say exactly which restaurants would close.

Related topics:SussexWagamama