David Loewi to step down as D&D London CEO: David Loewi is to step down as chief executive of D&D London, at the end of this year, and become an advisor to the Breal Capital and Calveton-backed restaurant business. Loewi founded the business with Des Gunewardena and in 2006, following a buyout of Conran Restaurants. He will serve as an advisor to the board with a particular emphasis on international expansion while a new chief executive is appointed. The company said: “It is always a momentous occasion when one of the founders of a business transitions after 30 years, so we thank David wholeheartedly for his service to the organisation. We wish him all the best for the future. As a company we are looking forward to a healthy quarter one trading with our pre-booked sales for Christmas ahead of last year and to our exciting expansion plans both in the UK and internationally we have for the business.” Loewi said: "After much reflection, I have made the decision to step down from my role as chief executive at D&D London. It has been an incredible journey, and I am deeply proud of all that we have accomplished. We’ve continuously pushed boundaries and created beautiful restaurants in some of the most exceptional buildings in the UK, Paris and New York. Throughout my time here, I’ve been fuelled by a deep passion for food quality, ensuring that every dining experience reflects the high standards we set from the beginning. Working alongside talented and dedicated individuals has been a true privilege, and I’m immensely proud of what we’ve achieved together. This business has always been about more than just the food — it’s been about the people and the sense of fun and excitement that comes with creating something special. As I move on to new endeavours, I leave with confidence in the team to continue this legacy, taking the business to even greater heights. I am incredibly grateful for the support and shared passion that all my amazing colleagues, partners, and clients have brought to this journey, and I look forward to watching D&D London flourish in the years to come. I sincerely wish the entire team the very best as they carry on the mission and vision of this great organisation.” Last year’s deal for D&D saw both Calveton and Breal invest proprietary capital “patient” money in the business, and saw Simon Wilkinson join the board as chief advancement officer. The Calveton/Breal investment included a £40m balance sheet recapitalisation. D&D features in the Propel Turnover & Profits Blue Book, which is available exclusively to Premium Club members. Group revenue over the 15 months to June 2022 was £163m, or 90% of pre-covid levels, while earnings were £17m, or 122% of pre-covid. Companies can now have an unlimited number of people receive access to Propel Premium for a year for £995 plus VAT – whether they are an operator or a supplier. The single subscription rate is £495 plus VAT for operators and £595 plus VAT for suppliers. Email kai.kirkman@propelinfo.com to upgrade your subscription.