The CVA proposed by Yo! on 14 August has been approved by its creditors.

It will now close 19 of its 69 sites. 

”These are exceptionally challenging times for our sector and we are pleased that our creditors have supported us in today’s vote,” said Yo! CEO Richard Hodgson. 

“This will ensure Yo! has a solid foundation to continue to adapt to the changes brought about by Covid-19, and allows us to focus on reopening remaining sites and rolling out our new restaurant model.” 

“I know this has been a difficult time for many of our team members and once again I want to thank everyone for their hard work and support throughout this process.”