Restaurants|The Helsinki taco restaurant chain is in financial trouble. If the situation does not improve during the summer, the restaurant industry will be left behind after the summer, says a business consultant.
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The Helsinki taco restaurant chain Lopez y Lopez is in financial trouble.
Lopez Punavuori oy was filed for bankruptcy at the end of May, but the bankruptcy was canceled.
The difficulties in the restaurant industry have continued since the corona pandemic and the number of customers has shrunk.
Helsinki the taco restaurant chain Lopez y Lopez is in financial trouble.
“Let’s go with the stakes. This is a make it or break it situation. If something is going to happen, it will happen quickly,” describes the company’s business consultant Ivan Varvas.
Lopez Punavuori Oy was filed for bankruptcy at the end of May, but the bankruptcy was canceled. According to Varvas, the bankruptcy would have closed the restaurant in Itäkeskus. There are also restaurants of the Lopez y Lopez chain in Kamppi, Teurastamo and Telaka.
At the beginning of the year, Teurastamo’s restaurant has received an order from the head of the food safety unit of the city of Helsinki regarding, among other things, the accounting of hygiene competence certificates and self-monitoring, as well as the traceability of food products.
At the end of last year, Telaka’s restaurant received an order regarding, among other things, the addition of a water point to the kitchen and the temperatures of the food on offer.
Toe says that Lopez y Lopez’s difficulties have continued for a couple of years.
According to him, the reason for the financial difficulties is above all the shrinking number of customers. Varvas estimates that the people of Helsinki visit restaurants less these days.
The future of Lopez y Lopez will be determined during the summer. “Rytinänna” Varvas refers to that if the situation does not improve, the doors of all taco restaurants will be closed.
“Let’s get tired of this fooling around and leave the restaurant industry,” he formulates.
Restaurant business has been in a difficult situation in recent years.
The difficulties started with the corona pandemic in 2020. At that time, the restaurant industry was disciplined by, among other things, corona restrictions and a labor shortage.
When Russia invaded Ukraine in 2022, the prices of energy and raw materials rose and the predicament continued. Inflation is also reflected in the behavior of customers, because in addition to the increase in production costs, the purchasing power of consumers has weakened.
As a result of the difficulties, many restaurants have closed their doors. For example, a Michelin restaurant in Helsinki Demo ends in July. Also the burger chain Naughty Brgr closes restaurants in the summer in Espoo and Turku.
The industry’s decline can also be seen in the bankruptcy statistics: of restaurants bankruptcies increased In Helsinki last year, more than 70 percent.
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