Restaurants
Final quarter of 2022 ‘worst on record’ for restaurant closures
Alongside this the sector has seen a shortage of labour, particularly in skilled positions like chefs, pushing up labour costs
The final quarter of 2022 was the “worst on record” for restaurant closures, as 504 restaurant companies entered insolvency in Q4 of 2022, according to new data from Mazars. This marked an 11% rise against the previous quarter.
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