Reports suggest Nottingham restaurant chain could change hands

Bistrot Pierre, the Nottingham headquartered French-themed dining chain, could be about to change hands.

Reports over the weekend in the Sunday Times suggest that the company, owned by by private equity firm Livingbridge, could be snapped up by entrepreneur Luke Johnson and Inspirit Capital.

The report said that any deal for the restaurant chain could see it being bought out of administration in a pre-pack deal.

A spokesperson for Bistrot Pierre told TheBusinessDesk.com: “Bistrot Pierre has been working with KPMG for the past 10 weeks as it looks to unlock the various government support schemes and understand new legislation associated with these.

“KPMG is also helping Bistrot Pierre in its discussions with various stakeholders, including the company’s bank and its investor Livingbridge, in order to secure the funds it needs to reopen its restaurants across the UK.”

Bistrot Pierre has 26 restaurants across the UK.

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