Tuesday, January 22, 2019


Posh restaurant owner D&D bucks dining slump as customers flock to its swanky sites

City & Finance Reporter for the Daily Mail

Upmarket restaurant group D&D London boosted sales as it tempted customers to its swanky sites.

The firm, which owns restaurants in London, Manchester, Leeds, New York and Tokyo, saw sales rise by 7 per cent to £9.6million in the year to March 31, compared with a year earlier.

Profits fell 2.5 per cent to £2million as it forked out more on administrative expenses. 

On trend: Upmarket restaurant group D&D saw sales rise by 7 per cent to £9.6m in the year to March 31, compared with a year earlier

On trend: Upmarket restaurant group D&D saw sales rise by 7 per cent to £9.6m in the year to March 31, compared with a year earlier

D&D was founded in 2006 by restaurateurs Des Gunewardena and David Loewi, following a buyout of Conran Restaurants, which was launched by designer Sir Terence Conran.

Its restaurants include Bluebird – which featured as a celebrity hang-out on reality TV show Made in Chelsea – and Paternoster Chop House which is used as the venue on dating show, First Dates.

D&D’s rising sales come as the restaurant sector struggles to attract customers. 

Groups such as Carluccio’s, burger chain Byron, Prezzo and Jamie Oliver’s Jamie’s Italian are all being forced to close outlets.

And last month Frankie and Benny’s owner The Restaurant Group won shareholder approval to pay £559million for noodle chain Wagamama to boost flagging sales.

 

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