What Le Pain Quotidien got wrong (and others are getting right)
Save article Source: Le Pain Quotidien Simon Stenning, founder of strategic analysis consultancy Future Foodservice, discusses whether the recent failure of Le Pain Quotidien indicates wider problems for the UK bakery café market: “It is always sad news when any business goes into administration, but it wasn’t much of a surprise when Le Pain Quotidien (LPQ) announced the closure of nine out of its 10 UK stores – the site at St Pancras remains open as it is operated by a separate company. The closures were reflective of several factors and a situation that has been exacerbated by recent major global events. LPQ is predominately based in central London, with just one site in Oxford. Foodservice businesses in the capital are affected by footfall and especially by tube usage, which is still 10-15% lower than 2019 and experiencing different patterns of business from both workers and shoppers. London has also been affected by a slow return of inbound tourist trade, with 202...