The Bistrot Pierre restaurant in Leicester closes permanently

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The Leicester branch of the French restaurant chain Bistrot Pierre will be closed, it was revealed.The chain, which started in Nottingham 26 years ago, has been purchased in a pre-pack administration – but six locations across the UK will close permanently.

This includes the Leicester site at Millstone Lane, which opened in November 2003 and underwent a huge renovation in 2017.

Other restaurants will close permanently: Bath, Cardiff, Harrogate, Middlesbrough and Sheffield, resulting in 123 layoffs.

A total of 19 Bistrot Pierre restaurants were acquired by a new company named after the company’s founding year, Bistrot Pierre 1994 – which would be supported by the brand’s president, John Derkach, and managing director Nick White.

The operation saves 681 of the 803 employees of Bistrot Pierre and 674 of them are now returning from leave.

Will Wright and Steve Absolom, of the restructuring firm of KPMG UK, were appointed co-directors of Le Bistrot Pierre Limited yesterday, and immediately after their appointment, the co-directors concluded a sale of the business and certain assets to the related party, Bistrot Pierre 1994 Limited.



Pierre Bistro in Leicester

The agreement preserves the jobs of 682 employees in 19 Bistrot Pierre restaurants who will continue to trade.

Steve Absolom, Deputy Administrator and Partner at KPMG, said: “COVID-19 and the extended lockout period have presented large swathes of the casual dining sector with significant funding challenges, and Bistrot Pierre is far from immune .

“Despite the exploration of all of the alternative options, including back-up programs such as the Coronavirus Business Interruption Loan, the administrators made the difficult decision to seek the appointment of the administrators.

“We are pleased to have been able to conclude a transaction which preserves the majority of commercial activities and associated jobs, thus guaranteeing the presence of the chain for 25 years on local streets.”

The company has already reopened its restaurants in Derby, Eastbourne, Plymouth, Leamington Spa, Stratford-upon-Avon, Torquay and Weston-super-Mare.

Meanwhile, Altrincham, Birmingham, Coventry, Ilkley, Kidderminster, Mere Green, Nottingham, Preston, Southport and Stockton Heath locations are slated to open by the end of the month, while restaurants in Mumbles and Newport will reopen in August. .

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