"Over the past few years, we have done everything in our power to navigate an increasingly challenging environment. A combination of sustained cost increases, the lasting effects of COVID-19, Brexit, and ongoing global instability, has fundamentally reshaped the landscape for restaurants in central London."
"At the same time, rising costs of living have placed pressure on our customers, with changing lifestyles and reduced disposable income impacting how often people are able to dine out. Like many in our sector, we have faced the difficult balance of increasing prices while seeing a reduction in customer visits."
"As of this week, restaurant company Lavval Restaurants Ltd announced that it has entered administration and has ceased trading, with all of its restaurants due to shut their doors."
"According to reports, the company had already shut its sites in Mayfair, Goodge Street and Fitzrovia before corporate restructuring firm Begbies Traynor was brought in to help close down the business and the remaining restaurants."
Spaghetti House, an Italian restaurant group in London operating for about 70 years, is shutting all locations after Lavval Restaurants Ltd entered administration and ceased trading. The company cited an increasingly challenging environment shaped by sustained cost increases, lasting effects of COVID-19, Brexit, and ongoing global instability. It also pointed to rising cost of living pressures on customers, with changing lifestyles and reduced disposable income affecting how often people dine out. The group described a difficult balance between increasing prices and seeing reduced customer visits. Reports indicate some sites had already closed before Begbies Traynor was brought in to help close the remaining restaurants.
Read at Time Out London
Unable to calculate read time
Collection
[
|
...
]