Famous Italian restaurant chain collapses into administration after 70 years - London Business News | Londonlovesbusiness.com

"Owner Lavval Restaurants Ltd was placed into administration on 6 May, with BTG Begbies Traynor LLP appointed as administrators. The closures bring an abrupt end to a once-familiar presence across central London, with branches on Marble Arch, Carnaby Street, Oxford Street, Kensington High Street and Cranbourn Street all shutting their doors."

"A spokesperson for the company said: "We're sorry all our restaurants are now closed. We would like to express our deepest gratitude to our loyal customers, partners and team members, past and present, for your support over the years. From our family to yours, Grazie.""

"Luigi Lavarini, executive chairman and chief executive of Lavval Restaurants Limited, said the business had been hit by a prolonged period of rising costs and falling demand. "After 70 years of serving our loyal customers, it is with a heavy heart that we announce Lavval Restaurants Limited has entered administration and will cease trading," he said."

""Years of increasing costs from the pandemic, Brexit, government budgets and global instability have created difficult market conditions for hospitality. Balancing these costs with reduced demand and spending from customers as they navigate the rising cost of living has proven too challenging.""

Spaghetti House, a long-running Italian restaurant chain in London, has closed all remaining locations after entering administration. Lavval Restaurants Ltd was placed into administration on 6 May, with BTG Begbies Traynor LLP appointed as administrators. The closures end a familiar presence across central London, including sites on Marble Arch, Carnaby Street, Oxford Street, Kensington High Street, and Cranbourn Street. The first restaurant opened on Goodge Street in 1955, founded by Simone Lavarini and Lorenzo Fraquelli. The original location closed last year, marking the start of the group’s final decline. Company representatives cited rising costs and reduced customer spending, driven by pandemic impacts, Brexit, government budget pressures, and global instability, as well as the cost of living.

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