Bury St Edmunds restaurant among list earmarked to close

A restaurant in Bury St Edmunds has been earmarked to close.

Giraffe World Kitchen announced a company voluntary arrangement (CVA) proposal on Monday to close a number of restaurants including the outlet in Parkway.

KPMG dealing with the CVA said: "This CVA seeks to address the cost of the company’s leasehold obligations across a number of unprofitable sites, and if successful, will put the business on a surer financial footing. Importantly, it constitutes one element of a wider financial and operational turnaround plan which, subject to the CVA’s approval, will see an injection of funding into the business from the company’s majority shareholder."

KPMG said the Bury St Edmunds restaurant was among the list of 27 which are earmarked to close and a decision will be made on March 21.