Back to today’s briefing

Story perspectives

Neat Burger Closes UK Locations After £8 Million Loss

4/26/2025

50 9

Summary

Story summary

Lewis Hamilton and Leonardo DiCaprio's vegan burger venture, Neat Burger, has shuttered all its UK locations after racking up £8 million in losses since its debut in 2019. This decision, impacting around 150 employees, comes amid dwindling consumer interest, despite earlier expansions into New York and Dubai. Only two branches now remain in Milan.

History

Historical Context

Neat Burger's closure mirrors the fate of many restaurant ventures during economic downturns. Similar to Fuddruckers post-2008 financial crisis, Neat Burger's rapid expansion failed to sustain consumer interest, leading to significant losses and layoffs. Historical patterns reveal the restaurant industry's vulnerability to changing market dynamics.

1 of 2

Story summary

Lewis Hamilton and Leonardo DiCaprio's vegan burger venture, Neat Burger, has shuttered all its UK locations after racking up £8 million in losses since its debut in 2019. This decision, impacting around 150 employees, comes amid dwindling consumer interest, despite earlier expansions into New York and Dubai. Only two branches now remain in Milan.

1 / 2