Robert Breare has resigned as chairman of Individual Restaurant Company (IRC), the operator behind the Piccolino and Restaurant Bar & Grill formats, which is set to be taken private next month. Breare and non-executive director Richard Sampson have stepped down from the company’s board, over two weeks after the takeover approach from the W2D2 Ltd consortium was declared wholly unconditional. At the same time, leading shareholder Malcolm Walker and Tarsem Dhaliwal have been appointed to the board of the 33-strong group. Earlier this month, the W2D2 consortium, which is made up of Walker, chief executive Steven Walker, Dhaliwal and Paul Dawes, said it had received valid acceptances of 75.77% for its takeover bid, which values IRC at at around £17.4m including debt. On Monday, IRC said that it would delist from AIM on 15 July.