Burger chain Byron has reduced its estate to single figures after another wave of closures.
The group has been left with nine restaurants still in operation after it shuttered sites in Ipswich, Oxford and Norwich in recent months.
It comes after Byron was acquired in a pre-pack deal by Tristar Foods Limited in January, with nine sites closing as part of the administration process.
Founded by Tom Byng in 2007, Byron was inspired by the simple fast-grill hamburgers of America.
At its peak, the brand operated around 70 restaurants. However, by 2018 it emerged the burger chain had lost £10m the prior year, with a company voluntary arrangement proposal confirmed.
The restructure saw Byron acquired by Three Hills Capital, with around 20 sites closed and c£21m of debts written off.
In 2020, the group was acquired by Famously Proper, a subsidiary of investment company Calveton UK Limited, in a pre-pack administration deal.
This saw it reduce its estate by a further 30 sites, leaving it with 21 restaurants.
Famously Proper went on to launch a new Byron restaurant in Wembley. However, plans to extend the Byron estate were halted when the group appointed Interpath Advisory to review its options in November last year - after which Tristar acquired Famously Proper.
