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LA Faces Record Number of Restaurant Closures in 2024

share-iconWednesday, January 01 comment-icon3 weeks ago 19 views
News sources:
latimesLATIMES
LA Faces Record Number of Restaurant Closures in 2024

Credited from: LATIMES

  • 2024 was particularly harsh for the L.A. dining scene, with more than 100 notable restaurant closures compared to over 65 in 2023.
  • Many closures include Michelin-starred establishments and favorites from the L.A. Times 101 Best Restaurants List.
  • Key factors behind the trend are increased operating costs such as minimum wage hikes, insurance rates, and inflation pressures on food prices.
  • Notable chefs and dining concepts, including those from popular TV shows, have also shuttered their businesses in the ongoing economic challenges.
  • While many businesses closed, some restaurateurs are adapting, hoping to pivot to new concepts or reopen in 2025.

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