'Macronomic pressures are forcing Neat Burger to halve its UK business.'

The London-headquartered Neat Burger group will close four of its eight remaining restaurants in the capital before Christmas. The closures will reportedly include the brand's first Oxford Street site, which opened in September 2019, as well as restaurants in Liverpool Street, Canary Wharf and Westfield Stratford shopping center. It also seems to have closed a restaurant in the Dalston area, which opened in just August.

In a written statement provided to Restaurant magazine, Neat Burger committed to making a "functional restructuring" due to "macro pressures that are reverberating throughout the industry," which was a key factor in the decision. According to Neat Burger's latest reports filed with the companies' governing body, the group''made a loss of £7.9 million in 2022.

Neat Burger chief executive Zak Bishti said that the group has decided to focus on compact sites in high footfall areas. Because of this, the group has scrapped expansion plans in the Kings Road, Queensway and Waterloo areas and has also frozen a new restaurant at London's O2 Arena.

Despite the difficulties in the UK, Neat Burger continues to pursue international expansion, earlier this year raising $18 million to support expansion in the global market. Neat Burger recently opened its third international restaurant in Milan, Italy. In addition, the company has an establishment in New York City and a restaurant in''Dubai Mall.