Prescott and Conran falls into administration

The restaurant group founded by Habitat owner Sir Terence Conran – Prescott and Conran – has fallen into administration.

The three remaining London outlets of Prescott and Conran – Parabola in Kensington, Lutyens on Fleet Street and Albion in Clerkenwell – have shuttered putting 168 jobs at risk

The restaurant group was co-founded with interior designer Conran, his wife Lady Conran and businessman Peter Prescott in 2006.

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