Neat Burger: Lewis Hamilton-Backed Vegan Fast-Food Chain to Close Half its UK Locations

Neat Burger, a vegan fast-food chain backed by Formula One star Lewis Hamilton, is closing half of its UK locations due to financial setbacks. The chain, known for its plant-based offerings, saw losses grow by 145% in the past year, leading to the closure of five stores in London. Plans for new locations in Queensway, Waterloo, King’s Road, and the O2 Arena have also been shelved.

The closures were driven by a decrease in footfall at larger restaurants, changes in consumer habits, and the impact of the pandemic on the hospitality industry. Despite recent international expansions in cities like New York City and Milan, Neat Burger's decision to consolidate reflects the overall decline in the UK's vegan market. The company remains committed to providing sustainable plant-based dining and is exploring future growth opportunities amidst challenges in the industry.