3/4 of restaurant groups loss making

The Guardian reports that one in three of the UK’s top 100 restaurant groups are lossmaking, a rise of 75% in the past year as the casual dining crunch continues in an over saturated market.

A combination of higher staff costs, rising business rates and falling consumer confidence have conspired to slash profit margins and force high street closures. Chains which have recently announced restaurant closures include Jamie’s Italian, Strada and Prezzo Read more…