London has seen a string of celebrity restaurants, mostly with disappointing results. David Beckham and Guy Ritchie opened a pub in 2018 – the Walmer Castle – but it didn’t last. They handed it on in 2022 and the pub has changed hands three times since its opening. Ed Sheeran set up his grastropub, ‘Bertie Blossoms’ just two months before the pandemic, and while it is still open, Sheeran has admitted that it’s not gone smoothly. He’s learned that unless you have a large chain, making money off a restaurant is very difficult. Lewis Hamilton and Leonardo DiCaprio have tried the chain business model, opening eight locations of their plant-based ‘Neat Burger’ in London and one each in Dubai, New York and Milan – but it doesn’t look like its working wither. Just after opening the Italian branch, the company reported 140 per cent loss and is now closing half its London locations.
Other failures have been down to basic incompetence.
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