Entrepreneurs Chris Corbin and Jeremy King, the men behind London’s The Wolseley, are reportedly poised to regain full control of their restaurant business, Rex Restaurant Associates. According to Sky News, the pair are in the final stages of negotiations to reacquire the 50% share of the business that fell under the control of administrators BDO LLP, when financial services firm Dawnay Day collapsed in 2008. The pair, who yesterday announced plans to open a new restaurant called Brasserie Zedel on the site of the former Regent Palace Hotel, plan to sell a stake in Rex Restaurant to a series of smaller investors to help fund expansion. King told the Evening Standard: “After three years of negotiation, Chris and I are finally regaining control of the company. ‘Having said that, we are also immediately selling a portion again. This will hopefully all be conducted and completed before Christmas – an immense relief to us both.” The group will open its latest restaurant venture, The Delaunay, later this month in London’s Aldwych. The new venture, which is named after the luxury French car maker, will be an all-day café-restaurant “inspired by the grand cafés of Europe” and will be located on the corner of Drury Lane and The Aldwych.