Nando's denies reports over debt crisis talks
The chain said it was not in any detailed talks with banks.
Nando's has denied media reports that it is in debt crisis talks after spending £20 million on COVID-proofing for its UK restaurants.
The fast casual chicken chain told the BBC that Nando's UK was "a strongly performing business in normal times" and that talk of a crisis was untrue.
"Given the rapidly changing situation, there are no detailed talks with banks on this yet," the spokesperson told the BBC. "Clearly if the vaccine roll-out progresses, we will be in a different position then than now, but in general, Nando's have had ongoing and constructive talks with all their banks."
The spokesperson also said those discussions had always taken place "in an orderly and pre-emptive fashion".
Concerns over the financial health of the firm were sparked by a report in the Telegraph newspaper which said that the increase in its debt pile had led to crisis talks.
Read the full report here.
