Eat to close 10% of sites as it focuses on London market
Grab and go sandwich chain Eat is understood to be closing about 10% of its sites as it focuses on the London market.
The chain has approximately 110 outlets, with those in Cardiff and Glasgow among the closures.
The move, which follows a review of the chain's portfolio, will allow it to focus on its operations in the capital, where it continues to pursue new sites such as the recently opened branch in Liverpool Street Station.
Closures are predicted to be seen in high streets, with outlets in travel hubs, such as Edinburgh Airport, remaining open. The group is believed to also be considering further openings in Europe, following the launch of a site in Madrid airport earlier this year.
Eat has been reported to be working with KPMG earlier in the year to review its options, amid rumours it could pursue a CVA.
It is understood that following the handful of closures and discussions with landlords, the group has been able to avoid the CVA process, with new format stores and a focus on hot takeaway items driving up sales.
