Byron has been saved from administration in a rescue deal but 651 jobs will be lost as the burger chain permanently shuts 31 restaurants.

The company, which employs around 1,200 staff, filed a notice to appoint administrators from KPMG on Monday.

Bryon, which runs 51 sites, started a sale process with KPMG earlier this year after being forced to shut its sites in the face of the coronavirus pandemic.

Administrators at KPMG said that the brand and certain assets have been sold to newly-formed company Calveton, in a move which will protect its 20 remaining sites and 551 employees.

“In common with so many other companies across the leisure and casual dining industries, the impact of the Covid-19 pandemic on Byron has been profound,” said Will Wright, partner at KPMG and joint administrator.

“After exploring a number of options to safeguard the future of the business and following a competitive sales process, this transaction ensures Byron will continue to have a presence on our high streets.”

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