More than a third of UK's top 100 restaurant chains are losing money

More than a third of UK’s top 100 restaurant chains are losing money

More than a third of the UK’s top 100 restaurant chains are now loss-making, underscoring the intense fight for survival faced by some of the sector’s best-known names. Data compiled by accountancy firm UHY Hacker Young has found that 35 of the UK’s top 100 restaurant groups are in the red, marking …
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One in three of UK’s top 100 restaurant groups are lossmaking – study

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 …
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