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Administrators appointed to Bistro Pierre

Administrators appointed to Bistro Pierre

Will Wright and Steve Absolom from KPMG UK’s restructuring practice were appointed joint administrators of Le Bistrot Pierre Limited (“the Company”) on 14 July 2020.

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The Company, based in Nottingham, have 25 French-style restaurants throughout the UK, focussed mainly in more rural towns.

Immediately following their appointment, the joint administrators concluded a sale of the business and certain assets to a connected party, Bistrot Pierre 1994 Limited. The deal preserves the jobs of 682 employees at 19 Bistrot Pierre restaurants which will continue to trade.

Six sites fall outside the scope of the sale and will subsequently close, so it is with regret that the administrators confirm a total of 123 redundancies.

Will Wright, joint administrator and partner at KPMG, said:

“COVID-19 and the prolonged lockdown period has presented large swathes of the casual dining sector with significant funding challenges, and Bistrot Pierre has been far from immune. Despite exploring all alternative options, including relief schemes like the Coronavirus Business Interruption Loan, the directors took the difficult decision to file for the appointment of administrators.

“We are pleased to have been able to conclude a transaction which preserves the majority of the business and associated jobs, ensuring the chain’s 25-year presence on local high streets can continue.”

-ENDS-

Sites that will continue to trade:

  • Altrincham
  • Birmingham
  • Coventry
  • Derby
  • Eastbourne
  • Ilkley
  • Kidderminster
  • Leamington Spa
  • Mere Green
  • Mumbles, Swansea
  • Newport
  • Nottingham
  • Plymouth
  • Preston
  •  Southport
  • Stockton Heath
  •  Stratford-upon-avon
  • Torquay
  • Weston-super-Mare

Sites that will close:

  • Bath
  • Cardiff
  • Harrogate
  • Leicester
  • Middlesbrough
  • Sheffield

For media enquiries only, please contact:

Simon Wilson, Assistant PR Manager

Tel: 020 7311 6651 / 07785 373397

Email: simon.wilson@kpmg.co.uk

Katy Broomhead, Senior PR Manager                      

Tel: 0161 264 4623 / 07824 537963                              

Email: katy.broomhead@kpmg.co.uk                       

KPMG Press Office: 020 7694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff.  The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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