A former owner of Little Chef is amongst the bidders plotting a cut-price takeover of Byron.
According to Sky News, R Capital, which specialises in buying troubled businesses, is one of several suitors to have held talks with Byron's owners and management in recent weeks. Potential bidders had also indicated "a wide range of valuations for Byron".
Byron has been owned by Hutton Collins, an investment firm, for four years and employs 1,800 people. It closed four under-performing stores earlier this year.
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