Why Le Pain Quotidien Uk Arm Falls into Insolvency

Thanks to years of economic and political uncertainty brought on by the pandemic, issues with the market, and general malpractice in government, it is an incredibly hard time for a variety of different businesses. It doesn’t matter whether an organization is big or small, there are common problems that are being encountered and these are leading to organizations having to close down. One of the most recent of these businesses is the Belgian coffee chain, Le Pain Quotidien.

Recently it was announced that the Belgian coffee house has collapsed into administration. Londoners were no strangers to the coffee house as there are 10 different sites across London and Oxford. All of these are now set to close down except for the one which is located in St Pancras Station, likely because of the amount of foot traffic it sees and also due to the fact it is owned by a sister company, SPQ Limited, which has not been impacted by the administration.

All of the stores closed at the back end of June as the company told the Daily Mirror that the business had “explored every possible option,” to try and save itself but it had “not been possible to rescue it.” There are a number of different reasons as to why the chain thinks it has gone into administration and these include higher wage costs, fewer people on the street and therefore fewer people buying coffee, and the rigid rental market.

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