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12th May 2008

CONRAN ERA DRAWS TO CLOSE

Sir Terence Conran has instructed Goldman Sachs to find a buyer for his 51% shareholding in D&D London – the operation formerly known as Conran Restaurants. The sale marks something of an end of an era for the man who – for good or ill – transformed the London restaurant scene in the 1990s.

For an appreciation of Sir Terence’s career to date, see a long article in today’s Independent.

Some commentators have noted a certain ‘top of the market’ feel to
the fact that controlling interests in such major operations as D&D London, the Nobu group and the Hakkasan/Yauatcha are all currently for sale, or have been sold in recent times. See the Telegraph for business background on the sale.