Byron secures funding for further growth
The Tom Byng led burger group Byron has secured a new £12m banking facility which will help reach its goal of having 100 restaurants in the next three years. Launched in Kensington High Street in 2007, the company now employs 1,800 people in 65 restaurants throughout the UK. The funding is jointly funded by Santander and Royal Bank of Scotland. It runs until 2021 and will provide capital to support the groups future growth plans as it continues its national roll-out. The group has further strengthened its pipeline with openings lined up in Richmond, Windsor and Birmingham. Byng said: “Santander and Royal Bank of Scotland have proved to be supportive partners over the past two and a half years, during which the business has nearly doubled in size. We are delighted to continue with this partnership with a new funding package which will support out ambitious growth plans.”
Article via MCA Insight.