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Est. 1996

Issue 139

Weekly News - Monday 29th September 2008

French Restaurants
Feel The Pinch

 

 

All over Paris - all over France - restaurant tables are standing empty. The takings of French restaurants and cafés have plunged by 20 per cent this year. Nearly 3,000 restaurants and cafés have gone bust in the first half of 2008 - a 30 per cent increase on the same period last year.

Alarm bells are ringing in the French restaurant industry, but also in the French government. If the French have stopped indulging in their favourite sport - eating out - there must be something profoundly disturbed in the state of France.

"Younger French people today don't understand or care about food. They are happy to gobble a sandwich or chips, rather than go to a restaurant. They will spend a lot of money going to a nightclub but not to eat a good meal. They have the most sophisticated kinds of mobile telephone but they have no idea what a courgette is. They know all about the internet but they don't know where to start to eat a fish."

According to a report yesterday by the French financial insurance company Euler Hermes SFAC, no fewer than 1,782 "traditional" French restaurants went bankrupt in the first six months of this year - a 25 per cent increase on 2007. The victims are mostly low or middle-range neighbourhood restaurants, rather than the gastronomically ambitious and high-priced. The destruction among cafés - a 56 per cent increase in bankruptcies - was even worse, largely because of the smoking ban. Even fast-food restaurants (bankruptcies up 19 per cent) are feeling the pinch.

 

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Mood Food is published by FSR, London, England © 2008 

Editor:

Peter J. Grove

Editorial office: PO Box 416 Surbiton, Surrey, England, KT1 9BJ

Tel: 020 8399 4831

email: GroveInt@aol.com