UK-based restaurant group D&D London has announced plans to shut four restaurants this month, citing the current economic challenges.

The restaurants that the group plans to shut are East 59th in Leeds, Klosterhaus in Bristol, and Avenue and Radici in London, the Evening Standard reported.

In a statement, D&D London said: “Like many other businesses in the hospitality sector, we continue to strategically review our portfolio and such decision is a result of the current economic challenges, including spiralling utility, food, and beverage costs and the unstable labour market.

“D&D London intend to look after the restaurants’ greatly valued staff and management and, wherever possible, will seek to offer exciting positions in our other venues.”

The statement added that its remaining venues are continuing ‘to trade well’.

All four restaurant sites are expected to stop operations at some point in January.

According to the news agency, the restaurant group will try to find alternative positions for staff impacted by the closures.

Klosterhaus also released a statement on its website stating: “Dear friends, please note that Klosterhaus has now closed, however, we would be delighted to welcome you at one of our sister restaurants.”

Established in 2006, D&D London operates 45 restaurants and bars, as well as one hotel, which are primarily located in London.

It also has locations in Manchester, Leeds, Birmingham, Paris and New York.