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London restaurants the Don and the Bleeding Heart to close under CVA

07 December 2020 by
London restaurants the Don and the Bleeding Heart to close under CVA

London restaurants the Don and the Bleeding Heart are to permanently close following a restructure of their parent company.

The Bleeding Heart Restaurant Group is to undergo a company voluntary arrangement (CVA) after struggling to stay afloat during the pandemic.

The business, founded in 1983, runs the Don (pictured) on St Swithin's Lane in the City as well as three sites around the cobbled Bleeding Heart Yard in Holborn.

Both the Bleeding Heart Tavern and the Bleeding Heart Bistro will continue trading.

More than 94% of creditors agreed to the CVA, which was overseen by ReSolve.

Lee Manning, partner at ReSolve, said: "As a result of the very hard work and financial sacrifices by the group's owners, together with the support of its long-standing creditors, two iconic restaurants will survive amongst the economic destruction effected by Covid-19.

"While the pandemic has been catastrophic for the hospitality industry, there are still viable solutions available. However, those avenues will only be available to those operators that take action to assess their options sooner rather than later.

"We commend the Bleeding Heart Group for making the tough decisions in a timely manner instead of waiting until the very end. This made all the difference."

Robert and Robyn Wilson opened the Bleeding Heart Restaurant in 1983 and launched the Don in 2000.

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