Valentina Fine Foods Restaurant group has been bought out of administration by Gazzano and Son.
Four of the eight sites in London and Surrey that were part of Valentina Fine Foods' estate have been closed.
Gary Shankland and Louise Baxter of Begbies Traynor were appointed as joint administrators of Valentina Fine Foods on 17 October.
However, immediately after their appointment, Gazzano and Son - which owns an Italian delicatessen on Farringdon Road, London, purchased the company.
The sole director of Gazzano and Son is Gabriella Valentina Croci. Most recently, she worked as a senior operations manager at Valentina Fine Foods, and has previously worked there as a senior manager and as a waitress.
A statement from Begbies Traynor said: "All employees of the company transferred to the purchaser upon sale and four of the eight shops operated by the company are continuing to trade under the new ownership."
The sites that remain open are in 281 Lavender Hill, Battersea, London; 210 Upper Richmond Road West, East Sheen London; 75 Upper Richmond Road, Putney, London; and 10-12 High Street, Weybridge, Surrey.
In September, Valentina Fine Foods closed its restaurant on 12 Church Street, Reigate, Surrey, commenting that the "eating industry has changed" as a result of competition from disruptors like Deliveroo.
Since then, 404-406 Chiswick High Road, London; 145 Notting Hill Gate, London; and its 100-cover flagship restaurant in Units C, D & E at the Cardamom Building in Shad Thames, London have been shut down.
Bruno Zoccola, who founded Valentina Fine Foods in 1991, was not available for comment.
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