Planet Hollywood has closed its London restaurant and is finalising details to open a new location on London’s Haymarket.

The lease of the restaurants former home at London's Trocadero expired last week and it closed the restaurant while putting the holding company in administration.

Begbies Traynor has been appointed to handle the administration of the restaurant which was owned by a company called ABC Restaurant Group. Around 100 staff were made redundant.

A new company is now being incorporated and a new restaurant will open in Haymarket in June.

The parent company of Planet Hollywood was unaffected by the administration.