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D&D to sell restaurants

D&D, which is backed by Caird Capital, is to put its 30 restaurants up for sale, reports suggest.

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D&D, which is backed by Caird Capital, is to put its 30 restaurants up for sale, reports suggest. 

The group, formerly known as Conran Restaurants, owns London eateries Quaglino's, Le Pont de la Tour and Coq d'Argent, as well as venues in Paris, New York and Tokyo. 

Caird has an 18 per cent stake in the group, which is pushing for an expansion in London and emerging markets. 

The group was the brainchild of Sir Terence Conran, who pioneered “Gastrodomes” such as the Bluebird on Kings Road, which combines restaurants with bars, cafes and delicatessens. D&D is expected to be valued at £70m (€86.5m), but reports suggest it may fetch as much as £100m. 

Conran Holdings still holds a 51 per cent stake in the group, so any sale of the restaurants would have to be gain its approval.