Ryan Giggs's restaurant is closed with immediate effect after collecting six digits debts, it has emerged.
George's dining room and bar, located along the Barton Road in Worsley, was opened by the former Reds star and two old schoolmates in 2014, but closed at the end of January.
Customers were confused by the abrupt closure when they arrived at the restaurant to be met by a sign on the door stating that it was closed 'due to unforeseen circumstances'. The location has never been reopened.
The sun reports that the restaurant went bankrupt with debts of £ 563,600. Earlier this month the company was founded by Giggs and his school friends, Kelvin Gregory and Bernie Taylor, to run the company was liquidated.
Customers had initially told that George would be closed for a whole weekend, but texts that had previously been sent to the staff when the restaurant was closed contradicted this.
In the reports, staff were told that the management 'regrets to announce that we have no alternative with a heavy heart, but to close George's effectively immediately'.
It continued to say: “This is due to the clear reduction in trade and the business community against the enormous increases in the costs of operating the company and the continuous costs of a living crisis.”
Bewildered employees have also said that they were told that they would be paid from excellent wages in 'expired course' and a payment, and for 'those on whom it applies a dismissal capacity'.
One employee, who asked for not to be mentioned, said: “It came out of nowhere, we would all have to work today and then we got through the text messages, we are all astonished.”
Former man United -star Giggs had realized a lifelong dream that opened the restaurant, together with his old school friends Gregory and Taylor on their home grass in 2014, and at that time expressed their wish to make Worsley a 'foodie destination'.
During the opening, Giggs said to the media: 'We have known each other for 30 years and we always said it would be great to do something like that together.
“We are all local boys and have lived in this area all our life, so we wanted to do something in Worsley and we think we have a completely different offer for the area.”
The launch event for the restaurant was attended by a large number of former United teammates from Giggs, including Bryan Robson, Nicky Butt and Gary Neville. The restaurant became a hotspot in Worsley and the following year the team launched a new terrace at the location.
Since the launch of George's, Giggs has expanded his portfolio in the hospitality world, collaborated with former teammate Neville on the GG Hospitality Group who launched hotel football in Old Trafford, and then the Stock Exchange Hotel in the Stadscentrum.
However, not all Joint Business Ventures from Giggs' and Neville have worked out, with their London Restaurant Cafe Football also its doors in 2019.
The restaurant was less than half a mile from the Olympic stadium of West Ham United, but gamblers complained the eatery as too expensive for food that was 'just like McDonalds'.
The couple are also co-owners of League Two Football Club Salford City, which have already anchored six seasons in the fourth level of English football and are being performed with a stunning loss of £ 70k a week.
The closure of George's dining room and bar comes at a time of major care for the hospitality industry.
The labor budget of last fall was confronted by many restaurantors and publicans with a noisy anger, which claimed that the walking of both the minimum wage and the contributions of national insurance in industry on the edge of the financial fall would leave behind.
A survey carried out at the end of last year by Accountancy firm prize Bailey showed that the restaurant closures are already taking place in their highest rate in more than ten years.
A total of 1,409 stopped the activities in the year ending on September 2024, a peak of almost 20 percent on the previous year.
The shift in attitudes under Gen Z has also reportedly resulted in a reduced trade for the hospitality sector, in particular bars and clubs.
Many away from drinking Binge and the evening in clubs, much younger people now embrace a healthier lifestyle, a fact that is supported by statistics that show that the number of 24 -hour gyms in London has risen past the number of 24 hours of pubs last year.
There are now no fewer than 300 24 -hour gyms in the capital, with fewer than 60 pubs that now have licenses 24 hours a day.
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