How to Be a Successful Chef

Serial sector investor Luke Johnson has said he suspects the restaurant industry is about to enter a period of what might be called 'creative destruction' We may not see the like of the remarkable boom experienced by the sector in the last decade and two decades again. Thousands of businesses have significant accumulated liabilities as hangover from lockdowns, a rears of tax, national insurance, fat rent and other obligations must be paid. The current margin squeeze means cash flows often inadequate to deal with these problems. There will be large numbers of bank restructuring in the coming years. Closures mean that there will be greater choice of sites available for new startups or existing operators who want to expand. Few possess confidence to invest