The public catering business operates contracts at landmark locations including the National Gallery, the Royal Academy of Arts, the Imperial War Museum and the Wallace Collection. The contracts will now be operated by Sodexo Sports & Leisure.
Peyton & Byrne reportedly went into pre-pack administration following the loss of its Kew Gardens and British Library contracts, according to Sky News. The caterer announced plans to open its fifth catering outlet at Kew in July 2016.
Administrator Deloitte sold the majority of the business to Sodexo, with Peyton & Byrne’s bakeries division sold to a new venture owned by the Peston family.
Chris Bray, CEO Sports & Leisure at Sodexo UK & Ireland, said: “Sodexo and Peyton and Byrne have shared values that put our clients first and ensure we respond to their needs and the needs of the market. Oliver and Siobhan have built a truly aspirational brand in the London visitor attractions market.
“We are bringing together our resources, talent and expertise to develop an attractive customer experience that will deliver greater value to all our clients.”
The newly-acquired public catering contracts will continue to be led by Oliver and Siobhan Peyton.
Oliver Peyton added: “I am excited about this opportunity which is good news for the future of the Peyton and Byrne brand and Sodexo.
"Sodexo has a strong record in public catering, and I am looking forward, alongside Siobhan, to working with them in meeting the challenge of a highly competitive market and taking the public catering business of Peyton and Byrne to the next level."