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Celebrity chef issues grim warning for hospitality industry as he closes most of his Sydney restaurants: 'You just can't make money'
Chef, author and television personality Opel Khan has issued a grim warning for the Australian hospitality sector as he closes up most of his Sydney restaurants.
The public figure, who boasts a whopping 2.8 million followers on Instagram, closed down his Open Group website on Tuesday and gave an exclusive interview to the Sydney Morning Herald. CreditorWatch chief economist Anneke Thompson said conditions had deteriorated quite rapidly for the sector after a good run post-Covid lockdowns when people had no opportunity to spend on going out or holidays. Yet high failure rates also reflected a level of 'catch-up' from pandemic-era lows, Ms Thompson said, when many businesses were saved by JobKeeper payments and a pause on tax office debt collection for firms.
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