Andrew Guy, chief executive of Ed’s Easy Diner, has told The Times that the group is pausing for breath in terms of its expansion plans, after considering a partial company voluntary arrangement earlier this year.
The company, which earlier this year put a sale price on hold after suitors failed to match its £90m price target, told the newspaper that it was in talks with landlords of three of its 59 sites in relation to handing back the keys to premises.
Guy said the company approached landlords after deciding against a partial company voluntary arrangement.
He said company was “pausing for breath” after expanding too quickly.
Earlier this year, Ivan Schofield step down as chief executive of Ed’, under six months after taking the helm at the 1950’s American diner concept, and just days after the group announced it had aborted its sales process.
Guy resumed the role of chief executive, a position he previous held for five years before Schofield’s appointment, with immediate effect.
As revealed by MCA last week, Schofield has since become chief executive of Itsu Retail UK.