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Salt Bae

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business1 year ago

Salt Bae's London Restaurant Cuts Heating, Rakes in Millions with Pricey Steaks

Influencer chef Salt Bae's Nusr-Et restaurant in London, known for its extravagant menu and high prices, has turned off the heating to save money despite making significant profits. The move to improve energy efficiency comes as the restaurant faces rising costs, including almost doubling to £6.3 million in 2022. The group's success has been marred by controversies, including high menu prices, lawsuits from former staff, and challenges related to the cost-of-living crisis affecting the restaurant industry.

via Fortune|
#business#cost-saving#luxury-dining
business1 year ago

Salt Bae's London Restaurant Cuts Heating to Boost Profits

Salt Bae's Nusr-Et Steakhouse in London, which recorded a profit of over $4 million in 2022, has been cutting costs by reducing heating during peak hours despite the owners receiving dividends of £2.8 million. The restaurant, known for its high-ticket items, has also removed several expensive dishes from its menu, including a $1,825 gold leaf steak, while still offering pricey options such as a wagyu striploin for £680. This cost-cutting comes amid recent controversies, including an investigation revealing that ex-employees had their tips taken and the closure of Gökçe's Manhattan burger joint.

via Yahoo News|
#business#cost-cutting#london
business1 year ago

Salt Bae's London Restaurant Cuts Heating Despite £700 Steak Prices

Despite posting a profit of over $4 million in 2022, Salt Bae's Nusr-Et Steakhouse in London has been cutting heating during peak hours to save money. The restaurant, known for its high-priced menu items, has also made efforts to improve energy efficiency by renovating its lighting and insulation. Despite its financial success, the brand has faced criticism, including allegations of tip withholding from ex-employees and the closure of a Manhattan burger joint.

via Business Insider|
#business#cost-cutting#london
business1 year ago

"Salt Bae's London Restaurant Cuts Heating to Boost Profits from Pricey Steaks"

Salt Bae's Nusr-Et Steakhouse in London, which recorded a profit of over $4 million in 2022, has been cutting costs by reducing heating during peak hours despite the owners receiving dividends of £2.8 million. The restaurant has also removed high-ticket items from its menu and implemented energy-saving measures. Despite its financial success, the brand has faced criticism, including allegations of tip withholding from ex-employees and the closure of a Manhattan burger joint.

via Yahoo! Voices|
#business#cost-cutting#london
business-food-and-beverage1 year ago

"Salt Bae's Restaurant Slashes Heating to Save Money While Charging £700 for Steak"

Salt Bae's Nusr-Et steakhouse in London, known for its extravagant prices, has resorted to cost-cutting measures such as turning off heating and lights to save on energy bills amid soaring costs. Despite recording a jump in profits, the restaurant has faced challenges during the cost of living crisis and has made efforts to improve energy efficiency. The company's pre-tax profits rose 44% to almost £3.3m in 2022, with sales soaring almost 66% to £13.6m, but it has still made adjustments such as cutting prices and ditching signature expensive items.

via The Guardian|
#business-food-and-beverage#cost-cutting#energy-efficiency