Terence Conran is one of the world's best-known designers, restaurateurs and retailers. In the 1960s he founded Habitat - the chain of homeware stores that brought good, modern design within reach of the general population for the very first time. Over the subsequent 50 years Terence built another group of companies centred around design, retailing, restaurants and hotels. Today, Conran owns restaurants and shops in eight cities throughout the world and a design business serving many international clients that includes architecture and interior design, product and graphic design and brand licensing. Terence was knighted for his services to design in 1983.

Peter Prescott has worked with Terence Conran since 2001 for the Conran Restaurants group after garnering experience at Claridge's and Grosvenor House on Park Lane.

In 2006 Peter and Terence formed a new company called Prescott & Conran Ltd., the venture responsible for the award-winning Boundary Hotel, Restaurant and Rooftop, plus Albion Café, Bakery and Shop, Lutyens Restaurant, Bar and Cellar Rooms in London's Fleet Street and the new restaurant, Parabola, at the new Design Museum.