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The Petersham and La Goccia threatened with closure
The future of two Covent Garden restaurants hangs in the balance as their owner is embroiled in a dispute over rent.
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The Petersham and La Goccia, situated in Covent Garden’s Floral Court, could be forced to close as the restaurants’ owners, the Boglione family, argues over rents with landlord Shaftesbury Capital.
Petersham UK Limited has reportedly submitted two High Court filings, declaring its intention to appoint administrators from Buchler Phillips in an effort to protect itself from creditors.
“The impact of our rent situation cannot be underestimated, and in order for the businesses’ continued viability we need to resolve this as soon as possible, having already made extensive efforts to [have] constructive discussions with the landlord,” Lara Boglione told The Financial Times back in November of last year.
The difficulties arose for The Petersham and La Goccia in the aftermath of a rent review in April 2023. Although the precise details of how the rent changed at this point have not been disclosed, in FY 2023 Petersham UK Limited posted a loss in excess of £400,000.
Both Central London Italian-inspired restaurants were opened in 2018, following on from the success of Petersham Nurseries in Richmond, which opened in 2004. It is understood that Petersham Nurseries is not affected by the rent dispute.
The restaurants and the Boglione family have strong ties to Tuscany’s Mazzei winemaking dynasty, as Lara Boglione is married to Giovanni Mazzei, of Marchesi Mazzei, which has estates in Chianti Classico, Maremma, and the south of Sicily. The couple also launched wine merchant Petersham Cellar.
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