Overview

• Margot Italian restaurant opened in 2016 under founders Paulo de Tarso and Nicolas Jaouën and earned acclaim for its polished service and regional Italian menu
• The Covent Garden venue will serve its last customers on June 28 after announcing the decision on June 23
• In an Instagram statement, owners said that business rate and employer national insurance increases made continued operation unsustainable
• Loyal diners and critics lamented the impending closure on social media, highlighting signature dishes such as ossobuco and vitello alla Milanese and praising the restaurant’s atmosphere
• The decision underscores a wider challenge in the hospitality sector, where more than 4,000 UK restaurants closed in 2024 due to rising operating costs