No more financial assistance for Gourmet Burger Kitchen says owner Famous Brands
This comes as UK store sales deteriorate following the shut down of all restaurants due to Covid-19.
According to a cautionary announcement from Famous Brands, its Gourmet Burger Kitchen (GBK) store sales have deteriorated in the UK since 1 March, when UK and Ireland governments ordered all restaurants in those countries to close due to the Covid-19 pandemic.
Famous Brands said in the announcement that it has reviewed its investment in GBK and taken the decision to not provide any further financial assistance to the business. This decision will take away from the full value of Famous Brand’s investment in GBK, which will be determined at a later stage.