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Hospitality Industry News |
Tuesday December 2nd, 2008 |
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Burger bars and budget stores: Credit crunch winners who are in the money |
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'I can't remember us ever being this busy,' said the chef as he prepared another Pepperoni Passion at the Domino's Pizza takeaway in southwest London |
"We used to envy the restaurant over the road because it was always packed with people spending lots of money. But now everybody seems to want to order in pizzas or have takeaway because they can't afford to eat out."
The credit crunch has made financial losers out of millions of people but it has also produced some notable winners. As well as pizza delivery firms, Chinese, Indian, and other fast food outlets are thriving as diners cut back on eating in restaurants but still want a break from cooking at home.
While scores of restaurants are closing down and big chains are shelving expansion plans, Domino's has seen half-year profits soar by more than a third to £8.3 million compared with last year.
External Source - For the complete article click here
Source - Telegraph
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