The short-term outlook of private equity groups has undermined restaurants and retail on the high street, according to Jeremy King, the London restaurateur who runs some of London’s most well-heeled destinations such as the Wolseley and the Delauney.
London has become a difficult market to make money, said Mr King in an interview above the Wolseley, the Mayfair restaurant frequented by many of the capital’s business and political establishment.
He cites a number of factors from soaring business rates and rents to Brexit, which has slowed the flow of talented, career-minded European workers.
