03 Jul 2018
One of Reading’s longest-established restaurants, Dolce Vita in Kings Walk, has closed with the loss of 12 jobs.
The family-run business, which had built up a loyal customer base over 25 years, has been hit by increased competition and rising overhead costs.
Accountancy firm Wilkins Kennedy has been instructed to place the company into liquidation. David Tann, an Insolvency Partner at the firm’s Reading office, said: “Whenever feasible, we try to maintain businesses as a going concern, but sadly that was not possible with this well-respected restaurant. Its closure will be felt locally and is yet another indication of the very challenging market facing high street retailers.”
Owner Paris Livanis said: “Closing Dolce Vita was by far the most difficult decision I have had to make in many years running restaurants. Many of the staff, some of whom are family members, have been with the restaurant from the start. But overheads have increased steadily over recent years, and it has proved impossible to make ends meet.”