Roadside restaurant Little Chef has closed 67 of its sites as part of a restructure of the business.
The firm is owned by R Capital and announced plans to close the unprofitable restaurants in January.
The move was part of a broader restructuring strategy that included a detailed review of the lease agreements on a number of sites.
R Capital said the closures were prompted by a deadlock in negotiations with a number of landlords. Little Chef will continue to operate from 95 sites.
R Capital founder Jamie Constable said: “Any restructuring of lease commitments is always a complex arena and needs a willingness of the landlord to negotiate. Although we have had some great support from some of our landlords, we have taken the business through a formal re-structuring process to complete the planned closures.”
Little Chef chairman Graham Sims said that closures represented the “final hurdle in long journey to complete our critical rebuilding process”
samantha.mcclary@estatesgazette.com
