Tasty plc (GB:TAST) has released an update.
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Tasty plc, a casual dining restaurant group, has successfully received court approval for its restructuring plan, which is set to enhance profitability and ensure long-term stability for the company. The plan includes compromising certain lease and creditor agreements, anticipated to yield significant EBITDA improvements and cost savings. As a result, Tasty expects to see a turnaround from a loss in FY 2023 to a profit in FY 2025, while operating a reduced number of 38 sites.
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