Tossed owner placed in administration
All of the company’s 260 staff have been made redundant.
The owner of the Tossed and Vital Ingredient brands have officially appointed Simon Bonney and Michael Kiely of Quantuma as administrators, as the COVID-19 pandemic exacerbates the performance of its 20 sites.
All of the company’s 260 staff have been made redundant. In the coming weeks, Quantuma is expected to work with the directors to find a buyer for the assets of the business.
“Now is a very challenging time for hospitality businesses in London, especially for food establishments that rely heavily on walk-in sales. Despite Zest Food’s considerable efforts to assess all options including restarting its operations, the directors took the difficult decision to close again and lay off all 260 of its workforce,” Bonney said in a statement.
“In the coming weeks, our primary focus will be to ensure that we work closely with the board to find a suitable buyer for the company’s assets.”
After a period of closure triggered by the COVID-19 lockdown, Zest Food reopened four of its stores in June on a trial basis, but were later closed due to insufficient trade.
