. EP Magazine .
Daily Insights Into The Industry
The Breakfast Briefing
Quote of the Week - “There are several things in play that, when they come together, is like a house of cards collapsing. First, there’s the oversaturation. Byron expanded rapidly, Pizza Express kept adding, [as did] Nando’s and Zizzi. There has been huge growth in the casual dining market and there are just too many restaurants. Simultaneously, food costs, staff costs, rents and business rates have all gone up. If you’re operating 100 sites, your margins are being squeezed and squeezed. And times are tough. Even if they spend a little more when they do, people are eating out less. So there are greater costs, more competition, fewer people and, consequently, the sh*t is hitting the fan.” - Stefan Chomka, Editor, Restaurant magazine
New Solutions for a Challenging Market
New Solutions for a Challenging MarketBrexit will inevitably lead to a decline in skilled chefs on the market and rising food costs and yet few businesses will be able to pass on these costs. The search is on for new innovation and new solutions.
Old Solutions For Modern Problems
Old Solutions For Modern ProblemsFirstly, the bad news...Most of us are becoming increasingly aware that the working environment is not in a healthy place. This week a report was published that noted there should be an extra one million people prescribed anti-depressants. Add in all the facts such as the lack of trust in leadership, the rise in mental health, the increasing gap between leadership teams and junior employees and even the rise of the Gig economy - we have some serious issues to face.