Test blog

BRG snapped up Giraffe from Tesco in 2016, before combining it with Ed's Easy Diner, which it had bought in a pre-pack administration the same year.

The two brands form a combined entity, which in the most recently available accounts had annual turnover of £67.1m with underlying losses of £1.6m.

The company owns 70 branches of the two chains, with 17 franchised restaurants unaffected by the CVA.

Will Wright, restructuring partner at KPMG, said: "This CVA seeks to address the cost of the company's leasehold obligations across a number of unprofitable sites, and if successful, will put the business on a surer financial footing."

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David Kidd