Marco sells three London restaurants

07 November 2007 by
Marco sells three London restaurants

Marco Pierre White has sold iconic London fine-dining restaurants The Mirabelle, Drones and Quo Vadis to entrepreneurs Stephen Schaffer and Joseph Ettedgui through their Conduit Street Restaurants investment vehicle.

Ettedgui - creator of the Joseph fashion store chain - has managed several restaurants including Le Caprice in the mid-1980s and more recently Joe's Café, while Schaffer owned and operated the Knickerbox retail group before becoming a restaurant investor.

"We are very excited to have acquired The Mirabelle," Schaffer said. "With its storied history, fantastic Mayfair location, and unique private landscaped terrace, it is well-placed to shine as a modern-day Mayfair icon."

Schaffer and Ettedgui will announce their full plans for the upgrading of the restaurant, which opened in 1936, in early 2008.

The deal, agreed for an undisclosed sum, was arranged off-market by leisure property agents Shelley Sandzer.

The three restaurants were part of White Star Lines, which White set up in 1999 with Jimmy Lahoud. It also owns L'Escargot, the Belvedere and Criterion.

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By Daniel Thomas

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