Park Chinois Limited - Administration

Park Chinois Limited, which operates the exclusive Park Chinois restaurant in London, entered administration on 22 July, with Philip Armstrong and Ian Corfield of FRP Advisory appointed joint administrators.

The restaurant was founded by Alan Yau and is part of the Island Hospitality group, whose other restaurants appear unaffected by the appointment.

Park Chinois suffered from inflationary pressures, supply chain issues, labour shortages and rising utilities costs.

HSBC Bank, Pcds Lux S.À R.L., Roundshield Luxembourg I,S.A.R.L. and certain individuals have registered charges against the company.