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While markets datashows thatthe global market for dining out is projected to grow from $1.9 trillion now to more than $3 trillion by 2030, many individual chains that were popular in another era arestruggling to surviveamid changing consumer trends.
chains like Smokey Bones, Peet's Coffee, and Joe's Crab Shack have collectively closed dozens of locations this year.
Meanwhile, over in the United Kingdom, Leon and The Real Greek bothnearly halved their store locationsin 2026 despite once going through a period of rapid expansion that made them well-recognized chains in the country's major cities.
With the first location opening in the Greater London borough of Enfield in 1974, therestaurant chainBeefeater has, over several generations, earned a reputation for being a family-friendly steakhouse chain serving grilled steak cuts, burgers, and fish and chips at more accessible prices.
At its peak, the chain had approximately 140 standalone and Brewers Fayre brewery-attached locations in the United Kingdom and Ireland.
But amidsoaring operating coststhe hotel and dining company Whitbread confirmed plans toshutter all remaining 106 restaurantsby September.
Earlier in the year, Whitbread announced a restructuring plan that aims to bring down annual costs down costs by £250 million ($333 million USD).
The company's largest holding is the hotel chain Premier Inn.
The current strategy is to convert some locations into hotel rooms and others into integrated unbranded hotel restaurants.
Still other locations will be sold for what the company estimates will free up £1.5 billion ($2 billion USD).
Related: The latest wave of Italian restaurants has come to NYC "As you may have seen, we have recently announced changes to our business, which is resulting in the closure of our Branded Restaurants," Whitbread said in a statement on the location closures.
"This means that on Thursday 10 September 2026 your local Beefeater and all other UK Beefeaters will close." For customers who collected points through repeated visits, the Beefeater loyalty scheme will be shut down by Aug.
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