Investors in the Villandry restaurant chain are reportedly seeking a buyer after rents at their flagship location doubled and losses mount.
The brand, operated by Philippe Le Roux, has suffered the loss of its location in Bicester Village, Oxford, as well as a doubling in rent rates at its flagship site on Great Portland Street.
The nearby St James venue also feature a rise in rents of 16%. Losses for the year to March 2017 jumped from £847,537 to £1.6m.
Advisers for accountancy firm BDO are believed to be looking for new investors for the chain.
The enterprise was picked up by Le Roux in 2011 and featured investment from figures in the City of London, including defence contractor BAE systems' chairman Sir Roger Carr, former standard Chartered chairman Lord Davies an Le Roux's brother in law, Finsbury PR chief Roland Rudd.