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Colin James

Chimichanga may close in the New Year

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We spoke with the staff at the Mexican food giant Chimichanga this evening following rumours on social media that they will be closing their restaurant at the Old Market Hereford in the New Year.


Chimichanga.jpg


We are informed by staff that a burger restaurant may be opening in their place but as we have stated this is only a rumour and nothing has yet been confirmed.


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The 3 year rent reduction is a myth.They were all given between 6-9 months rent free.
And from what I have been hearing Beefy boys will be relocating here.

Edited by ragwert

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Management have said it is false and Beefy Boys have also said they have no plans on moving anywhere. Your Herefordshire has a poor track record so I personally wouldn’t believe any of the BS they spew for attention.

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Management have said it is false and Beefy Boys have also said they have no plans on moving anywhere. Your Herefordshire has a poor track record so I personally wouldn’t believe any of the BS they spew for attention.

 

Which management?

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My wife dined in Wagamamas last night. A member of staff there said that her boyfriend worked at Chimichanga and he's been told it's closing in two weeks. Not cast iron information I accept, but smoke/fire??

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This also coincides with the initial rates free contracts that companies agreed too. Perhaps the new rates are just unfeasible, Debenhams next?!!

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This also coincides with the initial rates free contracts that companies agreed too. Perhaps the new rates are just unfeasible, Debenhams next?!!

That's incorrect.They were all given between 6&9 months reduced rent.

Chimichanga are not closing.

Debenhams have a 30 year lease & unless the whole company collapses they ain't going anywhere.

Edited by ragwert

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That's incorrect.They were all given between 6&9 months reduced rent.

Chimichanga are not closing.

Debenhams have a 30 year lease & unless the whole company collapses they ain't going anywhere.

Maybe but Money talks. Nothing is certain.

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On 12/7/2017 at 18:09, ragwert said:

No

I'm part of the OLM customer/management meetings and from what was said at the last meeting the rumors were false

and Chimichengas were going nowhere,Beefy boys were not relocating there and were perfectly happy with the unit they have.
The next meeting in April will be very interesting. 

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From: https://www.theguardian.com/business/2018/feb/28/prezzo-restaurant-chain-to-close-a-third-of-its-uk-branches yesterday:

"The Italian restaurant chain Prezzo is to close a third of its 300 UK branches, putting about 1,000 jobs at risk, the latest victim of the casual dining crunch.

The chain, owned by the US private equity group TPG Capital, hopes to engineer a turnaround plan echoing steps taken by the burger chain Byron and Jamie’s Italian to keep themselves afloat.

Prezzo’s creditors will be asked to approve proposals under which its restaurants’ landlords accept rent reductions.

About 100 unprofitable outlets are likely to close altogether, including all branches of its Tex-Mex offshoot, Chimichanga, in an attempt to put the business on a sound long-term financial footing.

 

While landlords have yet to agree to the plan – known as a company voluntary arrangement (CVA) – it is expected to result in about 1,000 of the 4,500-strong UK workforce losing their jobs.

Sources close to the company said staff would be transferred to the surviving restaurants where possible."

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9 minutes ago, jbfc said:

From: https://www.theguardian.com/business/2018/feb/28/prezzo-restaurant-chain-to-close-a-third-of-its-uk-branches yesterday:

"The Italian restaurant chain Prezzo is to close a third of its 300 UK branches, putting about 1,000 jobs at risk, the latest victim of the casual dining crunch.

The chain, owned by the US private equity group TPG Capital, hopes to engineer a turnaround plan echoing steps taken by the burger chain Byron and Jamie’s Italian to keep themselves afloat.

Prezzo’s creditors will be asked to approve proposals under which its restaurants’ landlords accept rent reductions.

About 100 unprofitable outlets are likely to close altogether, including all branches of its Tex-Mex offshoot, Chimichanga, in an attempt to put the business on a sound long-term financial footing.

 

While landlords have yet to agree to the plan – known as a company voluntary arrangement (CVA) – it is expected to result in about 1,000 of the 4,500-strong UK workforce losing their jobs.

Sources close to the company said staff would be transferred to the surviving restaurants where possible."

This was posted in this topic yesterday my friend.

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Both Prezzo and Chimichanga in Hereford are confirmed to close.
 
The full list of Prezzo restaurants marked for closure are as follows:
 
Abergavenny
Alton
Amersham
Arundel
Barnet (High Street)
Barnstaple
Bedford, (MEXIco)
Belfast (Victoria Square)
Belfast (Boucher Square)
Beverley
Blackpool
Blandford
Bournemouth (Westover Road)
Bournemouth Chimichanga
Braintree (Freeport Village)
Brentwood
Bromley (Chimichanga, East Street)
Canterbury
Cardiff (Chimichanga)
Carlisle
Carmarthen
Catterick
Chatham (Chimichanga)
Chelmsford (Baddow Road)
Chester (Chimichanga)
Cobham (Cleaver)
Cramlington
Crawley (Chimichanga)
Dalton
Darlington
Deansgate - Manchester
Derby (MEXIco)
Ealing (Chimichanga)
Eastleigh (Chimichanga)
Edinburgh (Pier Place)
Falmouth
Fareham (Chimichanga)
Glasgow Fort
Gloucester
Guildford
Halstead
Haywards Heath
Hereford
Hereford (Chimichanga)
Hornchurch (Chimichanga)
Ipswich (Chimichanga)
Kettering
Kingston
Leicester (Silver Street)
Lewes
Lincoln
Maidstone (MEXIco)
Midhurst
Milton Keynes (Chimichanga)
New Brighton
Newbury
Newcastle
Newquay
Northwood
Norwich (Thorpe Road)
Nottingham (Low Pavement)
Penarth
Peterborough (Chimichanga)
Port Solent (Chimichanga)
Trustees Ltd
Poulton
Ripon
Sheffield (Valley Centertainment)
Sheffield (Ecclesall Road)
Silverburn, Glasgow
Solihull (Chimichanga)
South Woodford, London (Chimichanga)
Southampton
Southampton (Chimichanga)
St Annes on Sea
St Austell
Stamford
Stevenage (High Street)
Stratford Upon Avon
Sudbury
Taunton
Telford (Chimichanga)
Tewkesbury
Wandsworth, London
Wandsworth, London (Chimichanga)
Warrington
Watford, London (Chimichanga)
West Bromwich
Wokingham

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