The Villandry group has been placed into administration and closed its two restaurants in London after struggling to find an investor to turn around its financial difficulties.

The company called in administrators from BDO yesterday after the business, run by the former Le Pain Quotidien director Philippe Le Roux, failed to find a buyer.

Martha Thompson and Sarah Rayment of BDO LLP were appointed Joint Administrators of Villandry Restaurant Foodstore Limited yesterday. MCA understands that Christie & Co has been appointed to market the sites in Great Portland Street and St James’s.

It was revealed last week that Le Roux was looking to sell its sites at Great Portland Street, where it was hit with a doubling of rent, and at St James’s.

It was also counting the loss of its outlet at the Bicester Village shopping scheme near Oxford, which made up c50% of its sales.

Reporting losses of just under £1.5m, the companies latest set of full-year accounts highlights a “decline in spending in mid-market restaurants”, “ising food and drink costs caused by the fall in sterling” and “rising labour costs due to the shortage of experienced staff”, adding that the “prospect of Brexit exacerbates the labour shortage”.

The Bicester site has since become Corbin & King’s first The Wolseley Café.