Cost hikes force famous London brasserie out of business

La Brasserie

One of London’s most established and celebrated brasseries has been forced to pull the plug due to “insurmountable” rises in costs.

La Brasserie, a South Kensington institution and long-time favourite of celebrities, said it could no longer carry on trading.

Proprietor Peter Godwin announced the closure in a Facebook post this week, blaming “insurmountable increases in overheads and operating costs” for the decision.

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London restaurants in particular continue to face huge pressure from soaring business rates and rental increases.

Last year, top bosses from the industry wrote to Theresa May to say that the current cost increases were unsustainable and would stop companies expanding or put them out of business.

Reports said La Brasserie’s closure followed a hike in rent, although Mr Godwin did not allude directly to this in his post.

He expressed his “deep regret” at the closure after more than 45 years and thanked the staff, but admitted there was nothing more that could be done.

“It’s a huge disappointment that we had to close, but we have exhausted all possible options to remain in operation,” he said.

Tags : BusinessLa BrasserieLondonRestaurants
Andrew Seymour

The author Andrew Seymour

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