Following a decline in sales attributed to reduced footfall in London, along with increasing rents and wage costs, Belgian cafe chain Le Pain Quotidien has closed all but one of its UK locations.
The group's eight cafes in London and its site in Oxford's Westgate center have ceased operations, resulting in the unfortunate loss of 250 jobs. However, the cafe located at London's St Pancras International station remains open under the management of its sister company, SPQ Holdings Ltd.
The administration process is being handled by restructuring specialist Kroll.
Le Pain Quotidien is renowned for its wide-ranging menu, offering an array of items ranging from freshly baked bread and pastries to pancakes and traditional salads.