Bistrot Pierre - Administration

Bistrot Pierre, a French restaurant group with locations across the country, had part its business bought out of pre-pack administration by Cherry Equity Partners, saving almost 400 jobs. This marks the second pre-pack sale for the company, which last exited administration in 2020 and has struggled financially since the pandemic.

Shortly after the 7 March appointment of Will Wright and Ryan Grant of Interpath Advisory as joint administrators, a pre-pack sale to Cherry Equity Partners, a private equity firm led by hospitality heavyweight Ed Strandring, was completed. Ten Bistrot Pierre restaurants around the country will continue to trade, while eight will close immediately, resulting in 158 redundancies.

National Westminister Bank has a registered charge against the company. Harrison Clark Rickerbys acted for the joint administrators.