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    Tootsies enters administration

    Tootsies enters administration

    Tootsies pre-pack by BDO's joint administrators saves 278 jobs

    Author Writer Date published October 13, 2009 Categories

    Restaurant chain Tootsies has entered into administration, with BDO partners
    appointed to the ailing business.

    Shay Bannon and Antony Nygate of
    BDO
    were appointed joint administrators, with 11 restaurants sold in a pre-pack deal
    to Giraffe Concepts, protecting 278 jobs.

    However 202 jobs were lost when the remaining ten outlets were closed. BDO is
    looking for buyers for these leases.

    Bannon said: “It is unfortunate that due to the economic climate and
    difficult trading conditions that a significant number of restaurants were loss
    making, which threatened the viability of the whole group. We’re pleased to have
    safeguarded the future of 11 restaurants and 278 jobs.”

    Further reading:

    Begbies in joint venture with US
    restructuring giant

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