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 ...