A 75% rise in past year highlights impact of casual dining crunch on oversaturated market
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 with little respite in sight, according to a study.
A combination of higher staff costs, rising business rates and falling consumer confidence have conspired to slash profit margins and force high street closures.
Higher costs
Related: The casual dining crunch: why are Jamie’s Italian, Strada, Byron (and the rest) all struggling?
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