Latest News
Tags:Finance
Benjys collapses into administration(06 February 2007 17:09)Sandwich chain Benjys has collapsed into administration for the second time in a year, according to media reports. Around 400 jobs are feared to be lost after the 46-strong chain was placed into administration last night by private equity owner Hamilton Bradshaw. Administrators KPMG have been appointed to handle the sale of the business as a going concern. Benjys was placed into administration last year by previous backers Barclays and ECI Ventures and sold to Hamilton Bradshaw by Deloitte, a move that reportedly saw Barclays lose out on around £26m. Deloitte, which controls 17 Benjy stores leases, reposed the stores on 3 February. Benjys announces further expansion plans >> Article continues below
Benjys looks to franchising to drive expansion >> By Chris Druce E-mail your comments to Chris Druce here. Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%. Source: CatererSearch |
SPONSORED LINKSmost viewed newsBuy & Sell
|