D&D appoints hotels boss as non-executive

Kasmira Jefford
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SIMON Sherwood, the former head of Orient-Express Hotels, has been hired as non-executive chairman of D&D’s new holding company after the restaurant chain’s acquisition by the private equity arm of Lloyds Banking Group last week.

LDC has bought the 51 per cent stake held by Sir Terence Conran, who founded the business, plus the 18 per cent owned by private equity firm Caird Capital in a £50m deal.

D&D’s management, led by Des Gunewardena and managing director David Loewi have held on to their 31 per cent stake, with Gunewardena staying in charge of the group, which owns over 30 venues including Coq d’Argent and South Place Hotel in the City.

An industry veteran, Sherwood has advised Lloyds on its investments since 2010 and his role at D&D is understood to be an advisory one as it furthers its expansion.