D&D London to exit The Royal Exchange after 15 years

By Sophie Witts contact

- Last updated on GMT

D&D London to exit The Royal Exchange after 15 years
D&D London is to pull out of operating the dining and retail spaces at London's The Royal Exchange this summer, ahead of plans to open a new restaurant in the City.

The company announced today (4 April) that it will not renew its 15-year leases with the luxury shopping and dining destination, and will instead launch a separate project in the area.

D&D will continue operating its Sauterelle restaurant, Threadneedle Bar and Grand Café until the end of August.

“We and [The Royal Exchange’s owner] Oxford Properties agreed that it was time for a change and we wish them well with their future plans for the building,” says Des Gunewardena, CEO of D&D.

“We do however remain committed to the City and plan to announce a new and very exciting restaurant project in the Square Mile shortly.”

Fortnum & Mason will take over the Royal Exchange spaces in October 2018 with a “visually stunning” restaurant and bar with up to 90 covers.

A separate 2,368 sq ft retail space will stock items from its flagship Piccadilly store.

The Royal Exchange is a former City trading floor located opposite The Bank of England, and now houses over 30 luxury retail stores set around a central courtyard.

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