Casual dining is fundamental to Britain’s night-time economy, and prior to the pandemic, it was already a sector under pressure.
Lockdown forced operators to close their doors to diners and, while many have successfully pivoted to food deliveries, this has accelerated the rise of third-party delivery firms and the use of dark kitchens.
But the biggest challenge is trying to predict when the sector will be able to return to full operations. The speed and success of the sector’s recovery is intrinsically linked to the performance of the wider economy and the rollout of the coronavirus vaccine – both key drivers in the restoration of consumer confidence.
In our latest publication, Restructuring Advisory Partners, Phil Reynolds and Raj Mittal discuss the prevailing trends in the casual dining sector, from dark kitchens to turnover leases and the decline of the high street. They offer advice on the looming challenges and opportunities for the sector and consider why 2021 will be a reset year for casual dining.
29,684 jobs lost across fine dining, multiple independent, and large casual-dining chains during 2020