New future for London's The Wolseley as Jeremy King's ownership ends
One of Britain’s most high-profile restaurateurs is stepping aside as the owner of one of London’s most well-known restaurants — The Wolseley. Jeremy King is leaving Corbin & King (C&K), the company he cofounded, after Minor International won an auction for the firm, which is in administration. Mr King sent a message explaining the change to regular customers at the chain’s restaurants, which include The Wolseley, The Delaunay and Colbert. He said: “As you know, after our shareholder Minor Hotel Group appointed administrators over the Corbin & King 'TopCo', we were assisted by Knighthead of New York in taking on the debt that was at issue, with a view to fully acquiring the company. The Wolseley restaurant has new owners. “We left the appointed administrator in place in order to resolve our dispute with Minor by having a sales process to establish the new owners. “The final stage of that process — an auction — took place in the early hours of today. “We took part i...