Yahoo Finance | Jan. 9, 2023
Even fine dining’s highest-profile restaurateurs admit that their industry’s business model is broken and needs an injection of creativity.
Hit hard by the pandemic, restaurants have had to re-create themselves over the past few years by accepting takeout orders and reinventing their menus. But the pandemic and ongoing staffing shortages have also revealed that the fine dining business is fragile and may not survive in the post-pandemic age.
One high-profile restaurant that is gambling on reinvention is Copenhagen’s Noma, considered to be among the world’s best. The restaurant announced on Monday that it will close its doors to regular service in 2024, but the closure will not be the end of Noma’s brand.