The burger chain Almost Famous has announced its closure. In a statement on its website, it says: The current economic climate has proven too challenging for us to overcome. "The lingering debt from Covid, rising costs across every aspect of the business, and a tightening in people’s ability to spend on dining out have created an impossible situation. Despite our best efforts, we are no longer able to continue. "
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00:00Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post, some
00:05major breaking business news. The famous burger chain, Almost Famous Burgers, has announced
00:11its closure. In a statement on its website, Almost Famous says, it is with broken hearts
00:19and tearful eyes that we must announce the closure of Almost Famous. The statement continues,
00:25the current economic climate has proven too challenging for us to overcome. The lingering
00:29debt from COVID, rising costs across every aspect of the business and a tightening in
00:35people's ability to spend on dying out have created an impossible situation. Despite our
00:40best efforts, Almost Famous is no longer able to continue. The statement also says that
00:47its venues remain busy and reviews are glowing, but the financial pressures stacked against
00:52Almost Famous have made it impossible to sustain the business, making the scenario, the company
00:57says, even more heartbreaking. So another major breaking business news story, bad news
01:04for the economy. Almost Famous have announced their closure in a statement on its website.