The future of French Restaurant group, Bistrot Pierre has been secured after a substantial part of the business was sold to Cherry Equity Partners.
This deal will allow 10 sites across the UK to remain open securing 394 jobs in the process.
However a further 8 sites will have to close, meaning a further 158 redundancies. The administrators have said their priority will be to provide all possible support to those affected.
This is the second time in five years that Bistrot Pierre has been saved from administration. As part of a pre pace administration deal the group was forced to go from 25 sites to 19 during the summer of 2020.
