A major UK restaurant chain has issued an update after warning all of its restaurants could close. The chain has been saved from administration following fears that all 44 sites could shut for good.

Plans to rescue the Latin-American chain have been approved by a High Court judge.

Iguanas Holdings Limited, currently operating dozens of Las Iguanas restaurants across the UK, previously revealed it was drowning in £37million of debt. The "heavily loss-making" company would "inevitably enter administration", the company's lawyers told a hearing on Friday, June 5.

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