All but one Le Pain Quotidien bakeries to close following second collapse
Nearly all of Le Pain Quotidien’s bakeries are set to close after the bakery chain fell into administration for the second time since the Pandemic.
Only the chain’s St Pancras International Station outlet in London will remain open, although this store is not owned by Le Pain Quotidien and is operated by its sister company, SPQ Holdings.
Le Pain Quotidien is the UK trading name of Brunchco UK, which has now called in administrators from Kroll.
The administrators said that 250 staff members have now been made redundant.
It added that the café chin had faced financial pressures due to the cost-of-living crisis and a fall in footfall.
Le Pain Quotidien had considered other options, such as entering a company voluntary agreement or a sale of the business and its assets, although Kroll said that none of the offers it received were able to be carried out.
Nine of the chains 10 UK sites will now close, in Parsons Green; Monument; Royal Festival Hall, Southbank; Covent Garden; Mayfair; Hyde Park; Marylebone High Street; and Oxford.
The chain’s international operations, in over a dozen countries worldwide, are unaffected.