Losses soar at posh restaurant chain founded by Sir Terence Conran as float plan is scrapped

City & Finance Reporter for the Daily Mail

Losses at the luxury restaurant chain founded by celebrity designer Sir Terence Conran have widened following an abandoned stock market flotation.

D&D London, which owns the Bluebird and Michelin-starred Angler, took a £2.7million hit for professional fees and other costs after scrapping an IPO.

That drove the company, which owns and operates 35 high-end restaurants and a hotel, to record a loss of £4.8million for the year to March 31, up 77.8 per cent from £2.7million a year earlier.

Losses: The D&D London restaurants group, which owns the Bluebird and Michelin-starred Angler, was founded by celebrity designer Sir Terence Conran

However it posted a 3 per cent rise in turnover to £107.8million, up from…

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