According to The Sunday Telegraph, Goldman Sachs will be officially appointed today to seek an investor to take a controlling interest in D&D London, which is reportedly worth £200m.
Conran holds 51 per cent of the shares in the business but is not expected to opt out of D&D completely just reduce his overall holding.
The news has been met with concern about what it means for the restaurant sector and also a degree of sadness that the Conran era is perhaps coming to an end.
Conran’s planned departure from the kitchen follows similar moves by two other leading London foodie entrepreneurs.
The Times reminds us that Wagamama supremo Alan Yau sold his Michelin-starred Hakkasan and Yauatcha eateries for £31m in January.
Meanwhile, Nobu founder Nobuyuki Matsuhisa is also seeking a buyer for his stake in the restaurant group.