Vegan fast-food chain Neat Burger, backed by F1 Driver Lewis Hamilton, is set to close four out of its eight UK venues after facing a 140 percent increase in losses last year. Despite a rapid expansion since its founding in 2019, the chain has struggled with tough competition in the alternative meat market, causing growth to stall. Neat Burger cited soaring rents, the cost of living crisis, and hybrid working patterns as factors weighing on sales.
The locations that are expected to close before Christmas are Canary Wharf, Liverpool Street, Oxford Street, and Westfield Stratford, leaving Neat Burger with seven restaurants - four in London and venues in New York, Dubai, and Milan. Despite the closures, London still boasts at least 400 fully vegan establishments, in a city recently crowned the most vegan-friendly in the world. With meat consumption declining across the UK and an expanding number of vegan restaurants, the closure of Neat Burger sites is part of a broader trend towards plant-based dining options.
*This summary was generated using AI.
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