Loading
Caterer & Hotelkeeper Magazine

Tags:

Hope fades for Benjys after new collapse

Thursday 15 February 2007 00:00

Benjys' days look numbered after the troubled sandwich chain collapsed into administration for the second time in a year.

About 400 jobs are at risk after all 46 Benjys branches were placed into administration by private equity owner Hamilton Bradshaw last week.

Myles Halley, UK head of middle market at KPMG Corporate Restructuring, which was appointed to sell the business as a going concern, said buyers have been thin on the ground. "Over the last few weeks the directors have tried unsuccessfully to find a buyer, but the administrators will continue to seek offers from interested parties," he said.

However, a source close to the company said the situation was not looking hopeful. "Discussions with potential backers broke down, bringing about Benjys' collapse," the source said. "While there was hope for resurrection, there isn't much now."

Stephen Minall, food service consultant and director of supply chain consultancy Moving Foods, agreed that the company will be difficult to sell.

"Benjys tried to be an everything-to-everyone brand, but it didn't work and it lost its appeal to customers," he said. "It will be very difficult to relaunch it as a brand, as customers have lost interest."

Benjys was placed into administration for the first time last year by previous backers Barclays and ECI Ventures. It was then sold to Hamilton Bradshaw by Deloitte, a move that reportedly saw Barclays lose about £26m.

• As Caterer went to press, it emerged that sandwich chain Eat has snapped up between 10 and 12 of Benjys' central London sites, including outlets in Holborn and Bond Street London Underground station.




Recommended articles

Articles from the web

 
blog comments powered by Disqus
Profiting from 2012: Case Studies

Slash VAT, Boost business - Sign the petition now!

Latest Video

housekeeping

Video: highlighting housekeepers

In this week’s issue, guest edited by Raymond Blanc, we explore the important roles of housekeepers.

Watch here

The Caterer and Hotelkeeper discussion forum

  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria: Mark Hayward Dingley Dell Flying Visits @ The Victoria: Mark Hayward
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria
  • Dingley Dell Flying Visits @ The Victoria Dingley Dell Flying Visits @ The Victoria

Best of chef

Best of Chef – now available online

Best of Chef – now available online
View it now

Videos

Marcello Tully, Kinloch Lodge Video: Michelin-starred chefs turn out in force for Wellocks' chef conference Video: Highlights from Hotelympia 2012 Video: Foraging – why all the attention?
Marcello Tully
Masterclass
Watch the video here
Wellocks'
chef conference
Watch the video here
Highlights from
Hotelympia 2012
Watch the video here
Foraging:
why all the attention?
Watch the video here