A major burger chain that is a familiar sight on the UK high street has been saved from closure. High-end burger chain Byron was acquired by a Gen Z entrepreneur after it filed intentions to appoint administrators in September.

The chain that once had a staggering 65 restaurants nationwide has been reduced to just seven remaining burger joints amid financial woes. The business suffered as a result of increased costs, the Covid -19 pandemic and scandals over the years. The Times first reported that the company was bought by Niyamo Capital, founded by the 21-year-old Indian-born investor Akshat Tibrewala.

He is understood to have injected approximately £2.5million into Byron and taken a major stake. Now, a major overhaul of the business is planned to help it recover and grow.

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