Benjys collapses into administration

06 February 2007 by
Benjys collapses into administration

Sandwich chain Benjys has collapsed into administration for the second time in a year, according to media reports.

Around 400 jobs are feared to be lost after the 46-strong chain was placed into administration last night by private equity owner Hamilton Bradshaw.

Administrators KPMG have been appointed to handle the sale of the business as a going concern.

Benjys was placed into administration last year by previous backers Barclays and ECI Ventures and sold to Hamilton Bradshaw by Deloitte, a move that reportedly saw Barclays lose out on around £26m.

Deloitte, which controls 17 Benjy stores leases, reposed the stores on 3 February.

Benjys announces further expansion plans >>

Building Benjys >>

Benjys looks to franchising to drive expansion >>

By Chris Druce

E-mail your comments to Chris Druce]('s collapses into administration) here.

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