D&D London announced that it will cease operating the retail and dining spaces at The Royal Exchange later this summer, because it will not exercise its option to renew its leases following an agreement with landlord Oxford Properties. The business will however continue to operate as usual until the end of August.
“We have thoroughly enjoyed being part of The Royal Exchange for some 15 years and in that time The GrandD&D London Café and Sauterelle restaurant have become firm City favourites. But we and Oxford Properties agreed that it was time for a change and we wish them well with their future plans for the building. We do however remain committed to the City and plan to announce a new and very exciting restaurant project in the Square Mile shortly,” said Des Gunewardena, Chairman and CEO of D&D.
Even though it will exit The Royal Exchange, the City still remains a key focus for D&D, with its restaurants situated in the Square Mile, including Coq D’Argent, Madison, Paternoster Chophouse, Old Bengal Warehouse, as well as Michelin starred Angler, and South Place Chophouse at South Place Hotel.
D&D London is a group of luxury restaurants, bars and hotels based principally in London, but also with venues in Paris, New York and Tokyo. It was founded by Des Gunewardena and David Loewi in 2006, following a buyout of Conran Restaurants, which itself was established back in 1991. Today D&D London owns and operates more than 35 restaurants, with one Michelin Star, and an award-winning hotel.