mo4ch:>Prescott and Conran hospitality group goes bust
Prescott and Conran hospitality group goes bust
Prescott and Conran hospitality group goes bust
20 June 2018
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Sir Terence Conran, 86, founded homeware chain Habitat
An upmarket restaurant group run by Habitat founder Sir Terence Conran has gone into administration.Prescott and Conran, which was co-founded by the design guru, said its three remaining outlets in London had shut, putting 168 jobs at risk.The affected outlets include Lutyens in Fleet Street, Parabola in Holland Park and Albion in Clerkenwell. It is the latest of a string of UK eateries and retailers to fold blaming a consumer slowdown. Stephen Clancy, administrator at Duff & Phelps, said: "Over the past few months, the group has been undertaking an operational review looking to enhance profitability and exit underperforming businesses.
"As part of that process, some restaurants had already been closed."He added: "The restaurant trade is going th…
Prescott and Conran hospitality group goes bust
20 June 2018
Image copyright
Getty Images
Image caption
Sir Terence Conran, 86, founded homeware chain Habitat
An upmarket restaurant group run by Habitat founder Sir Terence Conran has gone into administration.Prescott and Conran, which was co-founded by the design guru, said its three remaining outlets in London had shut, putting 168 jobs at risk.The affected outlets include Lutyens in Fleet Street, Parabola in Holland Park and Albion in Clerkenwell. It is the latest of a string of UK eateries and retailers to fold blaming a consumer slowdown. Stephen Clancy, administrator at Duff & Phelps, said: "Over the past few months, the group has been undertaking an operational review looking to enhance profitability and exit underperforming businesses.
"As part of that process, some restaurants had already been closed."He added: "The restaurant trade is going th…