Gourmet Burger Kitchen (GBK) is to close 26 restaurants and axe 362 roles despite being saved from administration.
The chain has been bought in a rescue deal by Boparan Restaurant Group, which also snapped Carluccio’s out of insolvency earlier in the pandemic.
GBK said it had started to see improvements in trading last year after a major restructuring process in 2018, which saw it shut a raft of sites.
However, the company, which had been owned by South African group Famous Brands, said it slid into administration after the virus impacted upon its liquidity and potential to be sold as a solvent business.
The group has now been sold in a pre-pack administration deal after working with insolvency specialists at Deloitte.
It said the move will save 35 sites and 669 jobs from its