Jamie Oliver closures: Why Britain is losing its appetite for casual dining - most expensive restaurant dishes in the world

The collapse of Jamie Oliver's restaurant empire is just the latest and highest --
Outline continuation of trends established in diet
Quit two years ago.
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During the period from 2019, it was seen that Boparan catering management company announced the plan. about 1/3 of Ed's simple dinner and giraffe direct selling cake house Valerie received more than 70 direct sales to dig accounting problems since the end of last year.
The Restaurant Group is one of the largest quotation companies in the industry and is also closing some of the less quality restaurants
Perform Frankie & Benny's and Chiquito stores or convert them into branches in Wagamama.
You can add some big ones to this list.
In the list of casualties in 2018, Carluccio, Gourmet Burger Kitchen, Byron, Handmade Burger Company, Strada and Prezzo are all closed websites.
In fact, the turnover rate seems to be picking up, and consulting firms CGA and Alix Partners released a report yesterday indicating that 750 stores had closed by the end of this year.
There are many reasons for this problem. The short-
The long-term difficulty is that restaurants are affected by the same pressures that have plagued commercial street retailers, such as rising rents and falling commercial prices --
Especially in London.
Food prices rose and costs rose due to the devaluation of the pound and rising wages, reflecting an increase in national living wages.
These are not new factors, however, nor have they been in the past.
Perhaps the bigger surprise is that they continue to torture the industry.
This shows that restaurant closures over the past two years are not enough to ease the major headwinds facing the industry --
That is to say, there are too many restaurants in the UK and too few customers. The over-
Supply stems in part from the fact that private equity companies with large amounts of money to deploy have invested in the leisure catering sector in recent years and have quickly encouraged rapid growth
A successful format appears at one or two outlets.
Many times, these formats have achieved initial success in London, but this does not guarantee success in other towns across the country, especially where this format has been copied in a hurry.
Byron, a private equity firm, is a good example.
Supporting the burger chain, though it survived at least after closing 21 restaurants last year and getting a £ 10 cash injection from investors in February.
Another example of a format that does not enjoy universal success --
Nationwide, the initial success in the capital is the high-end pizza chain Franco Manka.
Specific market segments in the market
The crowded crowd includes
Leisure Market-
When the recession began at the end of 2017
Pizza like Bella, Zizzi, let Italy, cafes, Rouge, carluccio and Wagamama all cheat on more than 100 sites, with PizzaExpress and Prezzo coming from more than 200 sites, respectively.
This is part of Jamie's Italian Market. The over-
However, the saturation of the market is not only reflected in the various market segments, but also in the geographical position.
This seems particularly obvious in southern England.
Alix Partners and CGA report recommendation 2.
Over the past 12 months, 8% of restaurants in the South have closed, compared to only one.
London 3%, closing rate is only 0.
4% north of England.
This may not necessarily be due to excessive
The restaurant is saturated.
It may also indicate that consumers outside London and the South
The Eastern Province has gone to heavy housing costs in these parts of the country and has more money to spend on eating out.
Other factors that might work include restaurant operators failing to respond to changing tastes --
Especially among millennials, young consumers who often eat out
Overall, who places more emphasis on the source and who is more likely to look for healthier options on the restaurant menu such as low calorie, vegetarian and allergenaware dishes.
Any large chain restaurant that fails to meet the needs of these consumers will immediately be at a disadvantage.
Many larger chains
Industry insiders often cite the example of Carluccio --
It was slow to update or refresh the menu and a cropper appeared.
The change in taste also seems to have led to the failure of an increasing number of British curry restaurants, which, according to the Asian Catering Federation, have closed at the rate of two per week, although other factors are also working, including accepting stricter immigration rules for chefs from Asia.
In addition, it seems that some restaurant operators have exceeded the quality of the quantity.
Jamie's Italian claimed to be offering quality products and was charged after it appeared
After the Food Standards Bureau
Russell Hume, the meat supplier it uses, is the same as the reasonably cheap JD Wetherspoon bar chain.
Not the entire leisure and catering industry has been overflooded. capacity.
In the face of the impact of cheap supermarket wine, and Scotland in March 2006 and England and Wales in July 2007, the number of bars has collapsed.
However, those bars that are still open have greatly improved their level of play, especially the quality of food.
There is no doubt that British bars now earn market share at the expense of some restaurant operators.
The same is true for businesses with clear value propositions.
At present, among these transactions, the particularly strong ones are the Griggs bakery chain, the Subway sandwich chain, McDonald's and Pizza Hut.
For the industry as a whole, the bigger concern must be the whole casual dining phenomenon, which is part of the social life of the UK for the past 25 years --
30 years, is weak.
The rapid rise of delivery services like Deliveroo and Uber Eats, or applications like Eat that promote door-to-door delivery, poses a huge threat to the industry because, in the case of Deliveroo or Uber Eats, restaurant owners are actually outsourcing to third parties, their valuable and important relationship with customers.
Customers with poor experience in the restaurant can be comforted by the boss or manager removing some items from the bill;
A customer who has had a bad experience, who has already ordered through Deliveroo or Uber Eats, may choose to buy dishes from another restaurant in the future through the service.
A huge influx of money into this area, especially Amazon's participation in the latest round of Deliveroo's $575 financing, means that competition pressure will only increase.