Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Ed's Easy Diner could be sold at a cut-price

10 October 2016 by
Ed's Easy Diner could be sold at a cut-price

Ed's Easy Diner, the 60-strong chain of 1950s-style American restaurants, is set to be sold in the next few days, possibly at a cut-down price via a pre-pack administration.

The new owner is being mooted as Rcapital, the one-time owner of Little Chef, or Rutland Partners, which owns Pizza Hut UK, according to The Times.

It is being suggested that the company could be sold for as little as £15m after suffering a sharp fall in like-for-like sales. KPMG was appointed last month to find a buyer.

The company was originally put up for sale last year, with a price tag of £90m.

Earlier this year Ivan Schofield, who had been appointed chief executive of Ed's Easy Diner only six months earlier, stepped down from the role. His was replaced by his predecessor Andrew Guy who has been working in an advisory capacity for the group following his retirement at the end of last year.

Andrew Guy returns to the helm as Ivan Schofield steps down as CEO of Ed's Easy Diner >>

Ed's Easy Diner sale won't change the brand - Andrew Guy >>

Latest video from The Caterer

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking