Restaurant, food hall and wine cellar Fallon & Byrne saw pre-tax profits fall 28%, from €355,769 to €255,774 in 2008, according to accounts just filed. Gross profits were up slightly from €5.6 million to €5.8m.

Fallon & Byrne opened in 2006 in what was then a Telecom Éireann exchange building on Wicklow Street, just off Grafton Street.  It  is the brainchild of former journalist Fiona McHugh and her developer husband, Paul Byrne, plus restaurant owner Brian Fallon.

The company employed 140 people in the year.