The local coffee chain, Synge & Byrne, has announced the closure of all its stores across Northern Ireland, impacting up to 80 employees. The decision to cease trading follows challenges attributed to “current market conditions” and “soaring operating costs,” according to the company’s statement.
Founded in 2014 by brothers Damien and Adrian Garvey, Synge & Byrne operated locations in Belfast, Derry, Dungannon, and Newry. The company, formally known as Synge & Byrne Abbey Ltd, is now under the guidance of the AAB Group, which is assisting the directors during the closure process.
In a statement, Damien Garvey expressed regret over the closure, stating, “We are deeply sorry to have reached this situation. Despite our very best efforts to save the business, we have been unable to overcome the mounting difficulties we faced.” He highlighted that the hospitality sector has been particularly affected by rising operational costs, contributing to a growing debt burden that ultimately led to the decision to close.
Both staff and creditors have been informed about the unfolding situation, with the company acknowledging the impact on its workforce. Garvey took a moment to appreciate the dedication of the employees over the past twelve years, thanking them for their hard work and commitment.
The closure of Synge & Byrne marks a significant moment in the Northern Irish hospitality landscape, reflecting broader economic pressures faced by many in the industry. As local businesses navigate similar challenges, the situation underscores the ongoing difficulties posed by fluctuating market conditions and increasing costs.
The company’s decision to shut down operations illustrates the vulnerability of small to medium-sized enterprises within the current economic climate. For now, the focus will shift to supporting affected employees and managing the closure process effectively.
