Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

In the News

Byron in financial trouble seeks cuts in rents

Geoff Riley

9th January 2018

Share this content:

The restaurant chain Byron is in financial trouble and is seeking to negotiate reductions in rent on a sizeable number of their leased properties in a bid to reduce fixed costs and losses.

If they enter into a rescue package agreement with creditors, it is likely that 15 of their 70 restaurants will close. Byrin is not alone in being affected by higher food costs (in part caused by rising import prices because of the fall in sterling) along with a softening of consumer confidence.

Share this content:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

You might also like

In the News Teaching Activity – Why might Allianz insurance takeover the AA? (Sept 202

10th September 2026

In the News Teaching Activity – Why might Allianz insurance takeover the AA? (Sept 2026)

10th August 2026

In the News Teaching Activity – Should Netflix be allowed to acquire Warner Bros? (Dec 2025)

11th December 2025

In the News Teaching Activity – Is a takeover in the health goods industry in the consumer interest? (Nov 2025)

10th November 2025

In the News Teaching Activity – what are the benefits of Kingsmill buying up Hovis? (Sept 2025)

18th September 2025

In the News Teaching Activity – why is the average price of a pint of beer set to rise above £5? (Mar 2025)

31st March 2025

In the News Teaching Activity – has selling pizza helped improve Greggs’ profitability? (Mar 2025)

27th March 2025

In the News Teaching Activity – why is GSK acquiring US firm IDRx? (Jan 2025)

20th January 2025