The first floor restaurant and wine bar at Harvey Nichols in Dundrum Town Centre has closed after a deal to take over the outlet by an Argentinian restaurant company was shelved due to Brexit, the Sunday Independent can reveal.
It is understood the restaurant closed two weeks ago with its nine staff being made redundant. Management informed staff of the company's decision to close the store a fortnight in advance of its closure.
The restaurant was previously run for six months as Rock Lobster, which was a cocktail, fish, and steakhouse. However, that closed in February before being rolled out as the Harvey Nichols restaurant and wine bar.
Prior to its closure it is understood the restaurant had been making losses of around €15,000 a month, and had appealed for help and ideas from its staff to keep the doors open. Of its nine staff, seven of which were based in the kitchen, just one received compensation for their redundancy.
The outlet is located in the outside courtyard of Dundrum Town Centre.
When asked about the closure a spokesperson for Harvey Nichols said the company could not comment further than confirming that it had closed.
"Harvey Nichols can confirm that the First Floor Restaurant and Bar in Dublin has closed. The ITSA café continues to serve fresh, tasty and healthy breakfast and lunch options - along with teas, coffees and daily sweet treats - to our customers," the spokesperson said.
It is understood the restaurant was due to be taken over by an unnamed Argentinian food firm. However, staff were told by management the company had pulled out of the deal due to Britain's decision to leave the European Union.
The layout of the store will now change. The food market will now move to the bottom floor of the premises, leaving the top floor entirely vacant, it is understood.
Vacant space is hard to come by at the shopping centre that has recently announced another food outlet will join the centre. Fast food chain Five Guys is to open there in October.
Harvey Nichols' loss-making restaurant goes against the positive post-Brexit update Dundrum owners Hammerson offered last month.
Hammerson said it had been pleased by leasing and investment activity as rental income at the company increased to €200m.
Hammerson, alongside Allianz Real Estate, completed the joint venture takeover of Dundrum Town Centre in July.
Sunday Indo Business