british menu: Oliver Peyton, who is a judge on the BBC Great British Menu, will remain with the catering company he co-founded in 2005 along with 260 staff, according to The Guardian. No redundancies are expected and it is believed that Sodexo will keep the brand. The business has been split in two, with French catering company Sodexo buying the firm remaining catering contracts while the Peyton family will take charge of its bakeries operation. Sodexo did not say how much it paid, but investors have sustained a considerable loss in the pre-pack administration, where a buyer is found before administration is triggered. Against the backdrop of an increasingly competitive marketplace, the board of Peyton and Byrne believed that the interests of staff and customers would be best served under the umbrella of a larger service provider, the fund said. The Business Growth Fund, which held an £8m majority stake in Peyton and Byrne, is understood to have recouped only a fraction of its investment in the pre-pack deal reached with administrators Deloitte late on Monday night.
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