Abokado

Abokado

Company type	Private
Industry	Fast food
Founded	2004
Founders	Mark Lilley Lindsay Lilley
Headquarters	London, United Kingdom
Area served	London
Key people	Mark Lilley (CEO)
Products	Sushi, salads, sandwiches, Coffee
Owner	Montway Holdings Ltd
Website	www.abokado.com

Abokado in Fleet Street, 2010

Abokado toasted bagel with scrambled eggs and roasted tomato

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

HIstory

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.^{[ citation needed ]}

References

1. "Brand Insight: Abokado". lbbonline.com.
2. "MCR – Abokado". mcr-systems.co.uk.
3. Sarah Boseley (3 September 2015). "Jamie Oliver's sugar tax campaign joined by Abokado". The Guardian.
4. "Abokado falls victim to bank fraud & launches CVA". caterlyst.com. 20 September 2019. Retrieved 18 October 2019.
5. Stagg, James (10 September 2019). "Abokado to enter CVA after banking fraud magnifies poor sales". The Caterer. Retrieved 18 October 2019.