Irish restaurant industry faces crisis with over 600 closures in a year

The Irish restaurant industry faces significant challenges, with over 600 closures in the past year and projections of another 1,000 by October 2025. Rising costs, including wages and food prices, are straining profit margins. Many restaurant owners are struggling to adapt to increased expenses and a competitive market. The return of the VAT rate to 13.5% has added to their difficulties, prompting calls for a reduction to support the sector. Despite the acclaim for Irish cuisine, the industry is in crisis. Some owners, like Bec Feely, have closed their businesses due to financial pressures and the demanding nature of restaurant management.