Hummus Brothers becomes latest casual dining chain to call in administrators
High street a 'very difficult place to operate in at this time', company says
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Mediterranean restaurant chain Hummus Brothers has gone into administration, making it the latest in a string of casual dining chains to fall victim to rising rates and slow consumer spending.
The company was founded in 2005 and had six outlets across London.
In a statement posted on Twitter, Hummus Brothers said: "The combination of the pound falling after the Brexit vote, which pushed up the costs of our raw ingredients, as well as property rents and business rates going up ever higher, make the high street a very difficult place to operate in at this time."
Byron, Jamie’s Italian, Strada, and Prezzo have all experienced financial difficulty, shedding staff and closing stores since the turn of the year.
Carluccio's was also recently given approval for its company voluntary arrangement which puts 500 jobs at risk.
Hummus Brothers said on Tuesday that it had tried to make money from other sources beyond the high street, working in large companies’ canteens of and taking on street food vans for markets and festivals. It also launched its own supermarket product.
“Unfortunately, despite our best efforts, the business didn’t generate enough cash to keep running until we changed course so, very reluctantly and sadly, we had to close the business,” the company said.
ReSolve Partners have been brought in as administrators.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments