Experts from Shoosmithss corporate restructuring and advisory team have led the restaurant group Tasty PLC through a successful restructuring plan which was sanctioned at a hearing on 4 June 2024. The plan will allow a comprehensive restructuring of the Groups business and stabilise its future.
This restructuring plan is the first restructuring plan of a trading mid-market listed company and one of only 24 restructuring plans that have been sanctioned since restructuring plans were announced in 2020.
The Group which operates the Wildwood and Dim T brands, announced in April that it would be closing a number of sites due to difficult recent trading conditions in the hospitality sector.
Under this plan, the Group will be able to continue …
Read the full article at: https://www.shoosmiths.com/insights/news/shoosmiths-advises-tasty-plc-on-restructuring-plan