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Administration for company behind Londons' Richoux and Villagio

21 January 2021

Administration for company behind Londons' Richoux  and Villagio

The firm behind London’s century-old Richoux afternoon tea rooms and a list of commuter-belt restaurants, Dining Street, is to close all of its 15 sites. This brings a loss of around 150 jobs.

Today the company confirmed it fell into administration, following a ‘’hammer blow’’ faced from the latest lockdown measures. Directors were under great uncertainty of reopening whilst also facing a burden of ongoing costs.

Dining Street has two subsidiaries; Richoux, headed by Prezzo founder Jonathon Kaye and Newultra who is behind Villagio, Zintino, Friendly Phil’s and The Broadwick. Sites are in Mayfair, Piccadilly, Hammersmith – predominantly in London and the south of England.

Will Wright and Steve Absolom of KPMG have been appointed the administrators and are ‘’exploring options for a sale of the business and its assets’’.

Categories: Administration, What is administration

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