Abokado Explained

Abokado is a fast food chain based in the United Kingdom.

The chain was founded by Mark Lilley and his wife Lindsay in 2004, with the first store opening in London's Covent Garden.^{[1] [2]}

As of September 2015 it had 26 stores in London. In September 2015, Mark Lilley, director of Abokado, announced that they would be following Jamie Oliver's example and introduce a sugar tax on sweetened drinks sold in the chain.^[3]

In 2019, the company announced it will be launching a Company Voluntary Arrangement (CVA), after having suffered a "significant sophisticated online banking fraud" in July.^[4] At present, it is unclear how many sites of the brand will be closed under the CVA.^[5]

The company was sold in a pre-pack administration in October 2020; as a result of the impact of COVID-19. Founder Mark Lilley is CEO of the new owners, Montway Holdings Ltd.

Notes and References

1. Web site: Brand Insight: Abokado. lbbonline.com.
2. Web site: MCR - Abokado. mcr-systems.co.uk.
3. News: Jamie Oliver's sugar tax campaign joined by Abokado. Sarah Boseley. the Guardian. 3 September 2015.
4. Web site: Abokado falls victim to bank fraud & launches CVA. 2019-09-20. www.caterlyst.com. 2019-10-18.
5. Web site: Abokado to enter CVA after banking fraud magnifies poor sales. Stagg. James. 2019-09-10. The Caterer. en-GB. 2019-10-18.