Published:
Tasty announces disposal of sites
It is due to the “difficult trading environment faced by the restaurant sector”.
A trading update for the 52 weeks to 31 December 2017, posted to the London Stock Exchange stated that “trading for the period has been in line with expectations”. But it also confirmed that the company had disposed of four underperforming sites and undertaken a sales and leaseback of one other during the period in a £2m transaction.
Two further sites are currently under offer and are expected to be disposed of in the coming months.
Tasty highlighted the “difficult trading environment faced by the restaurant sector” and said it expects a “further deterioration” in 2018.
